CM · AfricaIS · Europe
Cameroon vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 7.8pp above Cameroon's 38.5%. The 200-country average is 28%: both sit 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 | CM | IS | Difference |
|---|---|---|---|
| Income Tax | 38.5% | 46.3% | IS +7.8 pp |
| Corporate Tax | 33% | 20% | CM +13 pplargest gap |
| VAT | 19.3% | 24% | IS +4.7 pp |
| Capital Gains Tax | 16.5% | 22% | IS +5.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 38.5% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Individual, Taxes on personal income) · as of 2025-12-31 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −7.8 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 33% | 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 | +13 pp | Cameroon higher |
Cameroon has a corporate tax rate of 33%, 13pp above Iceland's 20%. The 201-country average is 22.6%: Cameroon sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cameroon | 19.3% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Corporate, Other taxes) · as of 2025-12-31 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −4.7 pp | Iceland higher |
Iceland has a VAT rate of 24%, 4.7pp above Cameroon's 19.3%. The 181-country average is 15%: both sit above it. Cameroon's figure is dated 2025-12-31 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 16.5% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Individual, Income determination) · as of 2025-12-31 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −5.5 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 5.5pp above Cameroon's 16.5%. The 175-country average is 10.3%: both sit above it. Cameroon's figure is dated 2025-12-31 and Iceland's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Cameroon and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Cameroon's figure is dated 2025-12-31 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.