CR · AmericasIS · Europe
Costa Rica vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 21.3pp above Costa Rica's 25%. The 200-country average is 28%: Costa Rica 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 | CR | IS | Difference |
|---|---|---|---|
| Income Tax | 25% | 46.3% | IS +21.3 pplargest gap |
| Corporate Tax | 30% | 20% | CR +10 pp |
| VAT | 13% | 24% | IS +11 pp |
| Capital Gains Tax | 15% | 22% | IS +7 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Costa Rica | 25% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −21.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Costa Rica | 30% | 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 | Costa Rica higher |
Costa Rica has a corporate tax rate of 30%, 10pp above Iceland's 20%. The 201-country average is 22.6%: Costa Rica sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Costa Rica | 13% | Source: PWC Worldwide Tax Summaries — Costa Rica (Corporate, Other taxes) · as of 2026-06-30 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −11 pp | Iceland higher |
Iceland has a VAT rate of 24%, 11pp above Costa Rica's 13%. The 181-country average is 15%: Costa Rica sits below it, Iceland sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Costa Rica | 15% | Source: PWC Worldwide Tax Summaries — Costa Rica (Individual, Income determination) · as of 2026-06-30 |
| 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 Costa Rica's 15%. The 175-country average is 10.3%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Costa Rica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Costa Rica and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.