GQ · AfricaIS · Europe
Equatorial Guinea vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 21.3pp above Equatorial Guinea's 25%. The 200-country average is 28%: Equatorial Guinea 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.
At a glance
| Tax | GQ | IS | Difference |
|---|---|---|---|
| Income Tax | 25% | 46.3% | IS +21.3 pplargest gap |
| Corporate Tax | 25% | 20% | GQ +5 pp |
| VAT | 15% | 24% | IS +9 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: PwC Worldwide Tax Summaries — Equatorial Guinea, Individual - Taxes on personal income · as of 2025-11-21 |
| 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 |
|---|---|---|
| Equatorial Guinea | 25% | 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 | +5 pp | Equatorial Guinea higher |
Equatorial Guinea has a corporate tax rate of 25%, 5pp above Iceland's 20%. The 201-country average is 22.6%: Equatorial Guinea sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 15% | Source: PWC Worldwide Tax Summaries — Equatorial Guinea (Corporate, Other taxes) · as of 2025-11-21 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −9 pp | Iceland higher |
Iceland has a VAT rate of 24%, 9pp above Equatorial Guinea's 15%. The 181-country average is 15%: Equatorial Guinea matches the world average, Iceland sits above it. Equatorial Guinea's figure is dated 2025-11-21 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-21 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Equatorial Guinea and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.