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Iceland vs Indonesia: tax rates compared
Iceland has an income tax rate of 46.3%, 11.3pp above Indonesia's 35%. The 200-country average is 28%: both sit above it. Iceland's figure is dated 2025-01-01 and Indonesia's 2026-06-11, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IS | ID | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 35% | IS +11.3 pp |
| Corporate Tax | 20% | 22% | ID +2 pp |
| VAT | 24% | 12% | IS +12 pp |
| Capital Gains Tax | 22% | 0.1% | IS +21.9 pplargest gap |
| Crypto Tax | 22% | 0.2% | IS +21.8 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Indonesia | 35% | Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Taxes on personal income) · as of 2026-06-11 |
| Difference | +11.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Indonesia | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2 pp | Indonesia higher |
Indonesia has a corporate tax rate of 22%, 2pp above Iceland's 20%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Indonesia | 12% | Source: PWC Worldwide Tax Summaries — Indonesia (Corporate, Other taxes) · as of 2026-06-11 |
| Difference | +12 pp | Iceland higher |
Iceland has a VAT rate of 24%, 12pp above Indonesia's 12%. The 181-country average is 15%: Iceland sits above it, Indonesia sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Indonesia | 0.1% | Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Other taxes) · as of 2026-06-11 |
| Difference | +21.9 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 21.9pp above Indonesia's 0.1%. The 175-country average is 10.3%: Iceland sits above it, Indonesia sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Indonesia | 0.2% | Source: Direktorat Jenderal Pajak (Indonesian Directorate General of Taxes) — PMK 50/2025: Babak Baru Pemajakan Aset Kripto · as of 2025-08-01 |
| Difference | +21.8 pp | Iceland higher |
Iceland has a crypto tax rate of 22%, 21.8pp above Indonesia's 0.2%. The 88-country average is 13%: Iceland sits above it, Indonesia sits below it. Iceland's figure is dated 2026-07-19 and Indonesia's 2025-08-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Indonesia | 0% | Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Other taxes) · as of 2026-06-11 |
| Difference | 0 pp | displayed rates match |
Iceland and Indonesia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.