FJ · OceaniaIS · Europe
Fiji vs Iceland: tax rates compared
Iceland's income tax rate is 26.3pp higher than Fiji's (46.3% vs 20%). The 200-country average is 28%: Fiji sits below it, Iceland sits above it. Fiji's figure is dated 2026-06-02 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 | FJ | IS | Difference |
|---|---|---|---|
| Income Tax | 20% | 46.3% | IS +26.3 pplargest gap |
| Corporate Tax | 25% | 20% | FJ +5 pp |
| VAT | 12.5% | 24% | IS +11.5 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Fiji | 20% | Source: Fiji Revenue and Customs Service — Tax Rates and Codes · as of 2026-06-02 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −26.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Fiji | 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 | Fiji higher |
Fiji's corporate tax rate is 5pp higher than Iceland's (25% vs 20%). The 201-country average is 22.6%: Fiji sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Fiji | 12.5% | Source: Fiji Revenue and Customs Service — VAT Guide · as of 2025-08-01 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −11.5 pp | Iceland higher |
Iceland's VAT rate is 11.5pp higher than Fiji's (24% vs 12.5%). The 181-country average is 15%: Fiji sits below it, Iceland sits above it. Fiji's figure is dated 2025-08-01 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Fiji | 0% | Source: Fiji Revenue & Customs Service — Capital Gains Tax · as of 2025-08-13 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Fiji's (22% vs 0%). The 175-country average is 10.3%: Fiji sits below it, Iceland sits above it. Fiji's figure is dated 2025-08-13 and Iceland's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Fiji | 0% | Source: Fiji Revenue and Customs Service — Taxation services · as of 2026-07-18 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Fiji'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.