DO · AmericasIS · Europe
Dominican Republic vs Iceland: tax rates compared
Iceland's income tax rate is 21.3pp higher than Dominican Republic's (46.3% vs 25%). The 200-country average is 28%: Dominican Republic 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 | DO | IS | Difference |
|---|---|---|---|
| Income Tax | 25% | 46.3% | IS +21.3 pplargest gap |
| Corporate Tax | 27% | 20% | DO +7 pp |
| VAT | 18% | 24% | IS +6 pp |
| Capital Gains Tax | 25% | 22% | DO +3 pp |
| Crypto Tax | 25% | 22% | DO +3 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 25% | Source: PwC Worldwide Tax Summaries — Dominican Republic, Individual - Taxes on personal income · as of 2025-12-05 |
| 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 |
|---|---|---|
| Dominican Republic | 27% | 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 | +7 pp | Dominican Republic higher |
Dominican Republic's corporate tax rate is 7pp higher than Iceland's (27% vs 20%). The 201-country average is 22.6%: Dominican Republic sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 18% | Source: PWC Worldwide Tax Summaries — Dominican Republic (Corporate, Other taxes) · as of 2025-12-05 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −6 pp | Iceland higher |
Iceland's VAT rate is 6pp higher than Dominican Republic's (24% vs 18%). The 181-country average is 15%: both sit above it. Dominican Republic's figure is dated 2025-12-05 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 25% | Source: PwC Worldwide Tax Summaries — Dominican Republic, Individual - Taxes on personal income · as of 2025-12-05 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | +3 pp | Dominican Republic higher |
Dominican Republic's capital gains tax rate is 3pp higher than Iceland's (25% vs 22%). The 175-country average is 10.3%: both sit above it. Dominican Republic's figure is dated 2025-12-05 and Iceland's 2026-01-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 25% | Source: Dirección General de Impuestos Internos (DGII) — Consulta 6, Tratamiento fiscal para las criptomonedas · as of 2021-12-23 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | +3 pp | Dominican Republic higher |
Dominican Republic's crypto tax rate is 3pp higher than Iceland's (25% vs 22%). The 88-country average is 13%: both sit above it. Dominican Republic's figure is dated 2021-12-23 and Iceland's 2026-07-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Dominican Republic | 0% | Source: PWC Worldwide Tax Summaries — Dominican Republic (Individual, Other taxes) · as of 2025-12-05 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Dominican Republic's wealth tax rate is identical to Iceland's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Dominican Republic's figure is dated 2025-12-05 and Iceland's 2026-06-22, so the two rates come from different data vintages.