BR · AmericasIS · Europe
Brazil vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 18.8pp above Brazil's 27.5%. The 200-country average is 28%: Brazil sits below it, Iceland sits above it.
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 | BR | IS | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 46.3% | IS +18.8 pplargest gap |
| Corporate Tax | 34% | 20% | BR +14 pp |
| Capital Gains Tax | 15% | 22% | IS +7 pp |
| Crypto Tax | 22.5% | 22% | BR +0.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 27.5% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Taxes on personal income) · as of 2025-05-02 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −18.8 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 34% | 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 | +14 pp | Brazil higher |
Brazil has a corporate tax rate of 34%, 14pp above Iceland's 20%. The 201-country average is 22.6%: Brazil sits above it, Iceland sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 15% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Other taxes) · as of 2025-05-02 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −7 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 7pp above Brazil's 15%. The 175-country average is 10.3%: both sit above it. Brazil's figure is dated 2025-05-02 and Iceland's 2026-01-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 22.5% | Source: Receita Federal — Perguntas e Respostas IRPF 2026 (Q.653 'Alienação de criptoativos' and Q.574 'Alíquotas aplicáveis à apuração do ganho de capital') · as of 2026-04-23 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | +0.5 pp | Brazil higher |
Brazil has a crypto tax rate of 22.5%, 0.5pp above Iceland's 22%. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 0% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Other taxes) · as of 2025-05-02 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Brazil and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Brazil's figure is dated 2025-05-02 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Not covered for both countries yet: VAT.