TaxGlass

CR · Americas ↔ IS · 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 37-country average is 43.2%: Costa Rica sits below it, Iceland sits above it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%CR 25%IS 46.3%
Income Tax, side by side
CountryRateSource
Costa Rica25%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Iceland46.3%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference−21.3 ppIceland higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CR 30%IS 20%
Corporate Tax, side by side
CountryRateSource
Costa Rica30%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Iceland20%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+10 ppCosta 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

0102030405060World avg 19.5%CR 13%IS 24%
VAT, side by side
CountryRateSource
Costa Rica13%Source: PWC Worldwide Tax Summaries — Costa Rica (Corporate, Other taxes) · as of 2026-06-30
Iceland24%Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22
Difference−11 ppIceland higher

Iceland has a VAT rate of 24%, 11pp above Costa Rica's 13%. The 37-country average is 19.5%: Costa Rica sits below it, Iceland sits above it.

Wealth Tax

0102030405060World avg 0.1%CR 0%IS 0%
Wealth Tax, side by side
CountryRateSource
Costa Rica0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30
Iceland0%Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22
Difference0 ppdisplayed 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: Capital Gains Tax, Crypto Tax.