IS · EuropeSB · Oceania
Iceland vs Solomon Islands: tax rates compared
Iceland's income tax rate is 6.3pp higher than Solomon Islands's (46.3% vs 40%). The 200-country average is 28%: both sit above it. Iceland's figure is dated 2025-01-01 and Solomon Islands's 2026-05-18, 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 | SB | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 40% | IS +6.3 pp |
| Corporate Tax | 20% | 30% | SB +10 pp |
| Capital Gains Tax | 22% | 0% | IS +22 pplargest gap |
| Crypto Tax | 22% | 0% | IS +22 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 |
| Solomon Islands | 40% | Source: Solomon Islands Inland Revenue Division — Income Tax · as of 2026-05-18 |
| Difference | +6.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Solomon Islands | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Solomon Islands higher |
Solomon Islands's corporate tax rate is 10pp higher than Iceland's (30% vs 20%). The 201-country average is 22.6%: Iceland sits below it, Solomon Islands sits 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 |
| Solomon Islands | 0% | Source: Solomon Islands Inland Revenue Division — Tax Information · as of 2026-07-19 |
| Difference | +22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Solomon Islands's (22% vs 0%). The 175-country average is 10.3%: Iceland sits above it, Solomon Islands sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Solomon Islands | 0% | Source: Solomon Islands Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | +22 pp | Iceland higher |
Iceland's crypto tax rate is 22pp higher than Solomon Islands's (22% vs 0%). The 88-country average is 13%: Iceland sits above it, Solomon Islands sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Solomon Islands | 0% | Source: Solomon Islands Inland Revenue Division · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to Solomon Islands's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.