IS · EuropeLB · Asia
Iceland vs Lebanon: tax rates compared
Iceland has an income tax rate of 46.3%, 21.3pp above Lebanon's 25%. The 200-country average is 28%: Iceland sits above it, Lebanon sits below it. Iceland's figure is dated 2025-01-01 and Lebanon's 2026-07-01, 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 | IS | LB | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 25% | IS +21.3 pp |
| Corporate Tax | 20% | 17% | IS +3 pp |
| VAT | 24% | 11% | IS +13 pp |
| Capital Gains Tax | 22% | 0% | IS +22 pplargest gap |
| 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 |
| Lebanon | 25% | Source: PWC Worldwide Tax Summaries — Lebanon (Individual, Taxes on personal income) · as of 2026-07-01 |
| Difference | +21.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Lebanon | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Iceland higher |
Iceland has a corporate tax rate of 20%, 3pp above Lebanon's 17%. 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 |
| Lebanon | 11% | Source: PWC Worldwide Tax Summaries — Lebanon (Corporate, Other taxes) · as of 2026-07-01 |
| Difference | +13 pp | Iceland higher |
Iceland has a VAT rate of 24%, 13pp above Lebanon's 11%. The 181-country average is 15%: Iceland sits above it, Lebanon 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 |
| Lebanon | 0% | Source: PWC Worldwide Tax Summaries — Lebanon (Individual, Income determination) · as of 2026-07-01 |
| Difference | +22 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 22pp above Lebanon's 0%. The 175-country average is 10.3%: Iceland sits above it, Lebanon sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Lebanon | 0% | Source: PWC Worldwide Tax Summaries — Lebanon (Individual, Other taxes) · as of 2026-07-01 |
| Difference | 0 pp | displayed rates match |
Iceland and Lebanon share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.