CU · AmericasIS · Europe
Cuba vs Iceland: tax rates compared
Cuba's income tax rate is 3.7pp higher than Iceland's (50% vs 46.3%). The 200-country average is 28%: both sit above it.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CU | IS | Difference |
|---|---|---|---|
| Income Tax | 50% | 46.3% | CU +3.7 pp |
| Corporate Tax | 35% | 20% | CU +15 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cuba | 50% | Source: Ministerio de Economía y Planificación (Cuba) — "Pago de tributos en Cuba: Adecuaciones y compromisos para 2025" · as of 2025-01-28 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +3.7 pp | Cuba higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cuba | 35% | 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 | +15 pp | Cuba higher |
Cuba's corporate tax rate is 15pp higher than Iceland's (35% vs 20%). The 201-country average is 22.6%: Cuba sits above it, Iceland sits below it.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.