IS · EuropeMZ · Africa
Iceland vs Mozambique: tax rates compared
Iceland's income tax rate is 14.3pp higher than Mozambique's (46.3% vs 32%). The 200-country average is 28%: both sit above it. Iceland's figure is dated 2025-01-01 and Mozambique's 2026-03-04, 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 | MZ | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 32% | IS +14.3 pplargest gap |
| Corporate Tax | 20% | 32% | MZ +12 pp |
| VAT | 24% | 16% | IS +8 pp |
| Capital Gains Tax | 22% | 32% | MZ +10 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 |
| Mozambique | 32% | Source: PWC Worldwide Tax Summaries — Mozambique (Individual, Taxes on personal income) · as of 2026-03-04 |
| Difference | +14.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mozambique | 32% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −12 pp | Mozambique higher |
Mozambique's corporate tax rate is 12pp higher than Iceland's (32% vs 20%). The 201-country average is 22.6%: Iceland sits below it, Mozambique sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Mozambique | 16% | Source: PWC Worldwide Tax Summaries — Mozambique (Corporate, Other taxes) · as of 2026-03-04 |
| Difference | +8 pp | Iceland higher |
Iceland's VAT rate is 8pp higher than Mozambique's (24% vs 16%). 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 |
| Mozambique | 32% | Source: PwC Worldwide Tax Summaries — Mozambique (Individual, Income determination) · as of 2026-03-04 |
| Difference | −10 pp | Mozambique higher |
Mozambique's capital gains tax rate is 10pp higher than Iceland's (32% vs 22%). 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 |
| Mozambique | 0% | Source: PWC Worldwide Tax Summaries — Mozambique (Individual, Other taxes) · as of 2026-03-04 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to Mozambique's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.