IS · EuropeIE · Europe
Iceland vs Ireland: tax rates compared
Between the two, Ireland's income tax rate (48%) tops Iceland's (46.3%) by 1.7pp. The 200-country average is 28%: both sit above it.
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 | IE | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 48% | IE +1.7 pp |
| Corporate Tax | 20% | 12.5% | IS +7.5 pp |
| VAT | 24% | 23% | IS +1 pp |
| Capital Gains Tax | 22% | 33% | IE +11 pplargest gap |
| Crypto Tax | 22% | 33% | IE +11 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 |
| Ireland | 48% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −1.7 pp | Ireland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Ireland | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +7.5 pp | Iceland higher |
Between the two, Iceland's corporate tax rate (20%) tops Ireland's (12.5%) by 7.5pp. 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 |
| Ireland | 23% | Source: PWC Worldwide Tax Summaries — Ireland (Corporate, Other taxes) · as of 2026-03-06 |
| Difference | +1 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Ireland's (23%) by 1pp. The 181-country average is 15%: both sit above 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 |
| Ireland | 33% | Source: PWC Worldwide Tax Summaries — Ireland (Individual, Income determination) · as of 2026-03-06 |
| Difference | −11 pp | Ireland higher |
Between the two, Ireland's capital gains tax rate (33%) tops Iceland's (22%) by 11pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Ireland | 33% | Source: Irish Revenue — Tax and Duty Manual Part 02-01-03: Taxation of Crypto-Asset Transactions · as of 2026-01-01 |
| Difference | −11 pp | Ireland higher |
Between the two, Ireland's crypto tax rate (33%) tops Iceland's (22%) by 11pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Ireland | 0% | Source: PWC Worldwide Tax Summaries — Ireland (Individual, Other taxes) · as of 2026-03-06 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Iceland and Ireland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.