EG · AfricaIS · Europe
Egypt vs Iceland: tax rates compared
Iceland's income tax rate is 18.8pp higher than Egypt's (46.3% vs 27.5%). The 200-country average is 28%: Egypt sits below it, Iceland sits above it. Egypt's figure is dated 2026-02-04 and Iceland's 2025-01-01, so the two rates come from different data vintages.
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 | EG | IS | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 46.3% | IS +18.8 pplargest gap |
| Corporate Tax | 22.5% | 20% | EG +2.5 pp |
| VAT | 14% | 24% | IS +10 pp |
| Capital Gains Tax | 10% | 22% | IS +12 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Egypt | 27.5% | Source: PwC Worldwide Tax Summaries — Egypt, Individual - Taxes on personal income · as of 2026-02-04 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −18.8 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Egypt | 22.5% | 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 | +2.5 pp | Egypt higher |
Egypt's corporate tax rate is 2.5pp higher than Iceland's (22.5% vs 20%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Egypt | 14% | Source: PWC Worldwide Tax Summaries — Egypt (Corporate, Other taxes) · as of 2026-02-04 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −10 pp | Iceland higher |
Iceland's VAT rate is 10pp higher than Egypt's (24% vs 14%). The 181-country average is 15%: Egypt sits below it, Iceland sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Egypt | 10% | Source: PwC Worldwide Tax Summaries — Egypt, Individual - Income determination · as of 2026-02-04 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −12 pp | Iceland higher |
Iceland's capital gains tax rate is 12pp higher than Egypt's (22% vs 10%). The 175-country average is 10.3%: Egypt sits below it, Iceland sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Egypt | 0% | Source: PWC Worldwide Tax Summaries — Egypt (Individual, Other taxes) · as of 2026-02-04 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Egypt's wealth tax rate is identical to Iceland's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.