GG · EuropeIQ · Asia
Guernsey vs Iraq: tax rates compared
Guernsey has an income tax rate of 20%, 5pp above Iraq's 15%. The 200-country average is 28%: both sit below it. Guernsey's figure is dated 2025-12-17 and Iraq's 2026-06-24, 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 | GG | IQ | Difference |
|---|---|---|---|
| Income Tax | 20% | 15% | GG +5 pp |
| Corporate Tax | 0% | 15% | IQ +15 pplargest gap |
| VAT | 0% | 0% | match |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 20% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Taxes on personal income · as of 2025-12-17 |
| Iraq | 15% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Taxes on personal income) · as of 2026-06-24 |
| Difference | +5 pp | Guernsey higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Iraq | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Iraq higher |
Iraq has a corporate tax rate of 15%, 15pp above Guernsey's 0%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Corporate, Other taxes) · as of 2026-06-24 |
| Difference | 0 pp | displayed rates match |
Guernsey and Iraq share the same VAT rate: 0%. The 181-country average is 15%: both sit below it. Guernsey's figure is dated 2025-12-17 and Iraq's 2026-06-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Income determination · as of 2025-12-17 |
| Iraq | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Iraq · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Guernsey and Iraq share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Other taxes) · as of 2026-06-24 |
| Difference | 0 pp | displayed rates match |
Guernsey and Iraq share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Guernsey's figure is dated 2025-12-17 and Iraq's 2026-06-24, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.