CZ · EuropeIS · Europe
Czechia vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Czechia's (23%) by 23.3pp. The 200-country average is 28%: Czechia sits below it, Iceland sits above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CZ | IS | Difference |
|---|---|---|---|
| Income Tax | 23% | 46.3% | IS +23.3 pplargest gap |
| Corporate Tax | 21% | 20% | CZ +1 pp |
| VAT | 21% | 24% | IS +3 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pp |
| Crypto Tax | 0% | 22% | IS +22 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Czechia | 23% | 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 | −23.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Czechia | 21% | 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 pp | Czechia higher |
Between the two, Czechia's corporate tax rate (21%) tops Iceland's (20%) by 1pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Czechia | 21% | Source: PWC Worldwide Tax Summaries — Czech Republic (Corporate, Other taxes) · as of 2026-01-07 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −3 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Czechia's (21%) by 3pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Czechia | 0% | Source: PWC Worldwide Tax Summaries — Czech Republic (Individual, Income determination) · as of 2026-01-07 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −22 pp | Iceland higher |
Between the two, Iceland's capital gains tax rate (22%) tops Czechia's (0%) by 22pp. The 175-country average is 10.3%: Czechia sits below it, Iceland sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Czechia | 0% | Source: PWC Worldwide Tax Summaries — Czech Republic (Individual, Income determination) · as of 2026-01-07 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −22 pp | Iceland higher |
Between the two, Iceland's crypto tax rate (22%) tops Czechia's (0%) by 22pp. The 88-country average is 13%: Czechia sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Czechia | 0% | Source: PWC Worldwide Tax Summaries — Czech Republic (Individual, Other taxes) · as of 2026-01-07 |
| 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 — Czechia and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.