GR · Europe ↔ IS · Europe
Greece vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Greece's (44%) by 2.3pp. The 37-country average is 43.2%: both sit 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.
Income Tax
| Country | Rate | Source |
|---|---|---|
| Greece | 44% | 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 | −2.3 pp | Iceland higherlargest gap on this page |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Greece | 22% | 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 pp | Greece higher |
Between the two, Greece's corporate tax rate (22%) tops Iceland's (20%) by 2pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Greece | 24% | Source: PWC Worldwide Tax Summaries — Greece (Corporate, Other taxes) · as of 2026-02-16 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Greece and Iceland both post a VAT rate of 24%. The 37-country average is 19.5%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Greece | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-16 |
| 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 — Greece and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.