GD · AmericasIS · Europe
Grenada vs Iceland: tax rates compared
Iceland's income tax rate is 16.3pp higher than Grenada's (46.3% vs 30%). The 200-country average is 28%: both sit above it. Grenada's figure is dated 2026-07-20 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 | GD | IS | Difference |
|---|---|---|---|
| Income Tax | 30% | 46.3% | IS +16.3 pp |
| Corporate Tax | 28% | 20% | GD +8 pp |
| VAT | 15% | 24% | IS +9 pp |
| Capital Gains Tax | 0% | 22% | IS +22 pplargest gap |
| Crypto Tax | 0% | 22% | IS +22 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −16.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | +8 pp | Grenada higher |
Grenada's corporate tax rate is 8pp higher than Iceland's (28% vs 20%). The 201-country average is 22.6%: Grenada sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −9 pp | Iceland higher |
Iceland's VAT rate is 9pp higher than Grenada's (24% vs 15%). The 181-country average is 15%: Grenada matches the world average, Iceland sits above it. Grenada's figure is dated 2010-02-01 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| 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 Grenada's (22% vs 0%). The 175-country average is 10.3%: Grenada sits below it, Iceland sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −22 pp | Iceland higher |
Iceland's crypto tax rate is 22pp higher than Grenada's (22% vs 0%). The 88-country average is 13%: Grenada sits below it, Iceland sits above it.
Not covered for both countries yet: Wealth Tax.