BA · EuropeIS · Europe
Bosnia and Herzegovina vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Bosnia and Herzegovina's (10%) by 36.3pp. The 200-country average is 28%: Bosnia and Herzegovina sits below it, Iceland sits above it. Bosnia and Herzegovina's figure is dated 2026-02-19 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 | BA | IS | Difference |
|---|---|---|---|
| Income Tax | 10% | 46.3% | IS +36.3 pplargest gap |
| Corporate Tax | 10% | 20% | IS +10 pp |
| VAT | 17% | 24% | IS +7 pp |
| Capital Gains Tax | 8% | 22% | IS +14 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bosnia and Herzegovina | 10% | Source: PWC Worldwide Tax Summaries — Bosnia and Herzegovina (Individual, Taxes on personal income) · as of 2026-02-19 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −36.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bosnia and Herzegovina | 10% | 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 | −10 pp | Iceland higher |
Between the two, Iceland's corporate tax rate (20%) tops Bosnia and Herzegovina's (10%) by 10pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bosnia and Herzegovina | 17% | Source: PWC Worldwide Tax Summaries — Bosnia and Herzegovina (Corporate, Other taxes) · as of 2026-02-19 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −7 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Bosnia and Herzegovina's (17%) by 7pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bosnia and Herzegovina | 8% | Source: PWC Worldwide Tax Summaries — Bosnia and Herzegovina (Individual, Taxes on personal income) · as of 2026-02-19 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −14 pp | Iceland higher |
Between the two, Iceland's capital gains tax rate (22%) tops Bosnia and Herzegovina's (8%) by 14pp. The 175-country average is 10.3%: Bosnia and Herzegovina sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bosnia and Herzegovina | 0% | Source: PWC Worldwide Tax Summaries — Bosnia and Herzegovina (Individual, Other taxes) · as of 2026-02-19 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Bosnia and Herzegovina and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.