IS · EuropeNA · Africa
Iceland vs Namibia: tax rates compared
Iceland's income tax rate is 9.3pp higher than Namibia's (46.3% vs 37%). The 200-country average is 28%: both sit above it.
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 | NA | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 37% | IS +9.3 pp |
| Corporate Tax | 20% | 30% | NA +10 pp |
| VAT | 24% | 15% | IS +9 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 |
| Namibia | 37% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Taxes on personal income) · as of 2025-03-01 |
| 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 |
| Namibia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Namibia higher |
Namibia's corporate tax rate is 10pp higher than Iceland's (30% vs 20%). The 201-country average is 22.6%: Iceland sits below it, Namibia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Namibia | 15% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Corporate, Other taxes) · as of 2026-07-16 |
| Difference | +9 pp | Iceland higher |
Iceland's VAT rate is 9pp higher than Namibia's (24% vs 15%). The 181-country average is 15%: Iceland sits above it, Namibia matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Namibia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Namibia · as of 2025-10-01 |
| Difference | +22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Namibia's (22% vs 0%). The 175-country average is 10.3%: Iceland sits above it, Namibia sits below it. Iceland's figure is dated 2026-01-01 and Namibia's 2025-10-01, 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 |
| Namibia | 0% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Other taxes) · as of 2026-07-16 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to Namibia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.