IS · EuropeCH · Europe
Iceland vs Switzerland: tax rates compared
Iceland's income tax rate is 4.9pp higher than Switzerland's (46.3% vs 41.4%). The 200-country average is 28%: both sit above 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 | CH | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 41.4% | IS +4.9 pp |
| Corporate Tax | 20% | 19.6% | IS +0.4 pp |
| VAT | 24% | 8.1% | IS +15.9 pp |
| Capital Gains Tax | 22% | 0% | IS +22 pplargest gap |
| Crypto Tax | 22% | 0% | IS +22 pp |
| Wealth Tax | 0% | 0.9% | CH +0.9 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Switzerland | 41.4% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +4.9 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Switzerland | 19.6% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +0.4 pp | Iceland higher |
Iceland's corporate tax rate is 0.4pp higher than Switzerland's (20% vs 19.6%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Switzerland | 8.1% | Source: PWC Worldwide Tax Summaries — Switzerland (Corporate, Other taxes) · as of 2026-07-01 |
| Difference | +15.9 pp | Iceland higher |
Iceland's VAT rate is 15.9pp higher than Switzerland's (24% vs 8.1%). The 181-country average is 15%: Iceland sits above it, Switzerland sits below 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 |
| Switzerland | 0% | Source: PWC Worldwide Tax Summaries — Switzerland (Individual, Income determination) · as of 2026-07-01 |
| Difference | +22 pp | Iceland higher |
Iceland's capital gains tax rate is 22pp higher than Switzerland's (22% vs 0%). The 175-country average is 10.3%: Iceland sits above it, Switzerland sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Switzerland | 0% | Source: Swiss Federal Tax Administration (ESTV) — Kryptowährungen: Besteuerung · as of 2026-07-06 |
| Difference | +22 pp | Iceland higher |
Iceland's crypto tax rate is 22pp higher than Switzerland's (22% vs 0%). The 88-country average is 13%: Iceland sits above it, Switzerland sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Switzerland | 0.9% | Source: République et Canton de Genève, Administration fiscale cantonale — Barèmes 2025 pour les impôts sur le revenu et la fortune · as of 2025-01-01 |
| Difference | −0.9 pp | Switzerland higher |
Switzerland's wealth tax rate is 0.9pp higher than Iceland's (0.9% vs 0%). The 193-country average is 0.1%: Iceland sits below it, Switzerland sits above it. Iceland's figure is dated 2026-06-22 and Switzerland's 2025-01-01, so the two rates come from different data vintages.