BG · EuropeIS · Europe
Bulgaria vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 36.3pp above Bulgaria's 10%. The 200-country average is 28%: Bulgaria sits below it, Iceland sits above it. Bulgaria's figure is dated 2026-01-30 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 | BG | IS | Difference |
|---|---|---|---|
| Income Tax | 10% | 46.3% | IS +36.3 pplargest gap |
| Corporate Tax | 10% | 20% | IS +10 pp |
| VAT | 20% | 24% | IS +4 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pp |
| Crypto Tax | 10% | 22% | IS +12 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 10% | Source: PWC Worldwide Tax Summaries — Bulgaria (Individual, Taxes on personal income) · as of 2026-01-30 |
| 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 |
|---|---|---|
| Bulgaria | 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 |
Iceland has a corporate tax rate of 20%, 10pp above Bulgaria's 10%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 20% | Source: PWC Worldwide Tax Summaries — Bulgaria (Corporate, Other taxes) · as of 2026-01-30 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −4 pp | Iceland higher |
Iceland has a VAT rate of 24%, 4pp above Bulgaria's 20%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 0% | Source: PWC Worldwide Tax Summaries — Bulgaria (Individual, Income determination) · as of 2026-01-30 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −22 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 22pp above Bulgaria's 0%. The 175-country average is 10.3%: Bulgaria sits below it, Iceland sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 10% | Source: Национална агенция за приходите / National Revenue Agency (Bulgaria) — Криптоактиви (virtual currencies FAQ) · as of 2026-07-19 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −12 pp | Iceland higher |
Iceland has a crypto tax rate of 22%, 12pp above Bulgaria's 10%. The 88-country average is 13%: Bulgaria sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 0% | Source: PWC Worldwide Tax Summaries — Bulgaria (Net wealth/worth tax rates) · as of 2026-01-30 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Bulgaria and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.