IS · EuropeSK · Europe
Iceland vs Slovakia: tax rates compared
Iceland's income tax rate is 21.3pp higher than Slovakia's (46.3% vs 25%). The 200-country average is 28%: Iceland sits above it, Slovakia sits below 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 | SK | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 25% | IS +21.3 pp |
| Corporate Tax | 20% | 24% | SK +4 pp |
| VAT | 24% | 23% | IS +1 pp |
| Capital Gains Tax | 22% | 0% | IS +22 pplargest gap |
| Crypto Tax | 22% | 35% | SK +13 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 |
| Slovakia | 25% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| 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 |
| Slovakia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Slovakia higher |
Slovakia's corporate tax rate is 4pp higher than Iceland's (24% vs 20%). The 201-country average is 22.6%: Iceland sits below it, Slovakia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Slovakia | 23% | Source: Finančná správa Slovenskej republiky — Sadzby dane (VAT rates) · as of 2025-01-01 |
| Difference | +1 pp | Iceland higher |
Iceland's VAT rate is 1pp higher than Slovakia's (24% vs 23%). The 181-country average is 15%: both sit above it. Iceland's figure is dated 2026-06-22 and Slovakia's 2025-01-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Income determination) · as of 2026-01-20 |
| Difference | +22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Slovakia's (22% vs 0%). The 175-country average is 10.3%: Iceland sits above it, Slovakia sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Slovakia | 35% | Source: Slov-Lex — Zákon č. 595/2003 Z. z. o dani z príjmov (znenie účinné od 1.1.2026), §2, §4, §8, §9 a §15 · as of 2026-01-01 |
| Difference | −13 pp | Slovakia higher |
Slovakia's crypto tax rate is 13pp higher than Iceland's (35% vs 22%). 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 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Other taxes) · as of 2026-01-20 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to Slovakia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.