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Iceland vs Morocco: tax rates compared
Iceland has an income tax rate of 46.3%, 9.3pp above Morocco's 37%. The 200-country average is 28%: both sit above it. Iceland's figure is dated 2025-01-01 and Morocco's 2026-04-30, 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 | MA | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 37% | IS +9.3 pp |
| Corporate Tax | 20% | 34% | MA +14 pplargest gap |
| VAT | 24% | 20% | IS +4 pp |
| Capital Gains Tax | 22% | 15% | IS +7 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 |
| Morocco | 37% | Source: PWC Worldwide Tax Summaries — Morocco (Individual, Taxes on personal income) · as of 2026-04-30 |
| Difference | +9.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Morocco | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −14 pp | Morocco higher |
Morocco has a corporate tax rate of 34%, 14pp above Iceland's 20%. The 201-country average is 22.6%: Iceland sits below it, Morocco sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Morocco | 20% | Source: PWC Worldwide Tax Summaries — Morocco (Corporate, Other taxes) · as of 2026-04-30 |
| Difference | +4 pp | Iceland higher |
Iceland has a VAT rate of 24%, 4pp above Morocco's 20%. 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 |
| Morocco | 15% | Source: PWC Worldwide Tax Summaries — Morocco (Individual, Income determination) · as of 2026-04-30 |
| Difference | +7 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 7pp above Morocco's 15%. The 175-country average is 10.3%: 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 |
| Morocco | 0% | Source: PWC Worldwide Tax Summaries — Morocco (Individual, Other taxes) · as of 2026-04-30 |
| Difference | 0 pp | displayed rates match |
Iceland and Morocco 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.