CV · AfricaIS · Europe
Cape Verde vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Cape Verde's (27.5%) by 18.8pp. The 200-country average is 28%: Cape Verde sits below it, Iceland sits above it. Cape Verde's figure is dated 2026-05-29 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 | CV | IS | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 46.3% | IS +18.8 pp |
| Corporate Tax | 21.4% | 20% | CV +1.4 pp |
| VAT | 15% | 24% | IS +9 pp |
| Capital Gains Tax | 1% | 22% | IS +21 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 27.5% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Taxes on personal income) · as of 2026-05-29 |
| 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 |
|---|---|---|
| Cape Verde | 21.4% | 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 | +1.4 pp | Cape Verde higher |
Between the two, Cape Verde's corporate tax rate (21.4%) tops Iceland's (20%) by 1.4pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 15% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Corporate, Other taxes) · as of 2026-05-29 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −9 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Cape Verde's (15%) by 9pp. The 181-country average is 15%: Cape Verde matches the world average, Iceland sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 1% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Income determination) · as of 2026-05-29 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −21 pp | Iceland higher |
Between the two, Iceland's capital gains tax rate (22%) tops Cape Verde's (1%) by 21pp. The 175-country average is 10.3%: Cape Verde sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 0% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Other taxes) · as of 2026-07-18 |
| 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 — Cape Verde 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.