BO · AmericasIS · Europe
Bolivia vs Iceland: tax rates compared
Iceland's income tax rate is 33.3pp higher than Bolivia's (46.3% vs 13%). The 200-country average is 28%: Bolivia sits below it, Iceland sits above it. Bolivia's figure is dated 2026-03-26 and Iceland's 2025-01-01, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BO | IS | Difference |
|---|---|---|---|
| Income Tax | 13% | 46.3% | IS +33.3 pplargest gap |
| Corporate Tax | 25% | 20% | BO +5 pp |
| VAT | 13% | 24% | IS +11 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pp |
| Wealth Tax | 2.4% | 0% | BO +2.4 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 13% | Source: PWC Worldwide Tax Summaries — Bolivia (Individual, Taxes on personal income) · as of 2026-03-26 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −33.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Bolivia higher |
Bolivia's corporate tax rate is 5pp higher than Iceland's (25% vs 20%). The 201-country average is 22.6%: Bolivia sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bolivia | 13% | Source: PWC Worldwide Tax Summaries — Bolivia (Corporate, Other taxes) · as of 2026-03-26 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −11 pp | Iceland higher |
Iceland's VAT rate is 11pp higher than Bolivia's (24% vs 13%). The 181-country average is 15%: Bolivia sits below it, Iceland sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 0% | Source: PWC Worldwide Tax Summaries — Bolivia (Individual, Income determination) · as of 2026-03-26 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Bolivia's (22% vs 0%). The 175-country average is 10.3%: Bolivia sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 2.4% | Source: PWC Worldwide Tax Summaries — Bolivia (Individual, Other taxes) · as of 2026-03-26 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | +2.4 pp | Bolivia higher |
Bolivia's wealth tax rate is 2.4pp higher than Iceland's (2.4% vs 0%). The 193-country average is 0.1%: Bolivia sits above it, Iceland sits below it.
Not covered for both countries yet: Crypto Tax.