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Brunei vs Iceland: tax rates compared
Iceland's income tax rate is 46.3pp higher than Brunei's (46.3% vs 0%). The 200-country average is 28%: Brunei sits below it, Iceland sits above it. Brunei's figure is dated 2026-01-22 and Iceland's 2025-01-01, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BN | IS | Difference |
|---|---|---|---|
| Income Tax | 0% | 46.3% | IS +46.3 pplargest gap |
| Corporate Tax | 18.5% | 20% | IS +1.5 pp |
| VAT | 0% | 24% | IS +24 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pp |
| Crypto Tax | 0% | 22% | IS +22 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Brunei | 0% | Source: PWC Worldwide Tax Summaries — Brunei Darussalam (Individual, Taxes on personal income) · as of 2026-01-22 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −46.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Brunei | 18.5% | 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 | −1.5 pp | Iceland higher |
Iceland's corporate tax rate is 1.5pp higher than Brunei's (20% vs 18.5%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Brunei | 0% | Source: PWC Worldwide Tax Summaries — Brunei Darussalam (Corporate, Other taxes) · as of 2026-01-22 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −24 pp | Iceland higher |
Iceland's VAT rate is 24pp higher than Brunei's (24% vs 0%). The 181-country average is 15%: Brunei sits below it, Iceland sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Brunei | 0% | Source: PWC Worldwide Tax Summaries — Brunei Darussalam (Individual, Income determination) · as of 2026-01-22 |
| 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 Brunei's (22% vs 0%). The 175-country average is 10.3%: Brunei sits below it, Iceland sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Brunei | 0% | Source: PWC Worldwide Tax Summaries — Brunei Darussalam (Individual, Income determination) · as of 2026-01-22 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −22 pp | Iceland higher |
Iceland's crypto tax rate is 22pp higher than Brunei's (22% vs 0%). The 88-country average is 13%: Brunei sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Brunei | 0% | Source: PWC Worldwide Tax Summaries — Brunei Darussalam (Net wealth/worth tax rates) · as of 2026-01-22 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Brunei's wealth tax rate is identical to Iceland's — both sit at 0%. The 193-country average is 0.1%: both sit below it.