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Hungary vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Hungary's (15%) by 31.3pp. The 37-country average is 43.2%: Hungary 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.
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | 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 | −31.3 pp | Iceland higherlargest gap on this page |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 9% | 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 | −11 pp | Iceland higher |
Between the two, Iceland's corporate tax rate (20%) tops Hungary's (9%) by 11pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hungary | 27% | Source: PWC Worldwide Tax Summaries — Hungary (Corporate, Other taxes) · as of 2025-12-31 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | +3 pp | Hungary higher |
Between the two, Hungary's VAT rate (27%) tops Iceland's (24%) by 3pp. The 37-country average is 19.5%: both sit above it. Hungary's figure is dated 2025-12-31 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 0% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Other taxes) · as of 2025-12-31 |
| 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 — Hungary and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Hungary's figure is dated 2025-12-31 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.