IS · EuropeTN · Africa
Iceland vs Tunisia: tax rates compared
Iceland's income tax rate is 6.3pp higher than Tunisia's (46.3% vs 40%). The 200-country average is 28%: both sit above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IS | TN | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 40% | IS +6.3 pplargest gap |
| Corporate Tax | 20% | 20% | match |
| VAT | 24% | 19% | IS +5 pp |
| Wealth Tax | 0% | 1% | TN +1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Tunisia | 40% | Source: PWC Worldwide Tax Summaries — Tunisia (Individual, Taxes on personal income) · as of 2025-01-01 |
| 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 |
| Tunisia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
Iceland's corporate tax rate is identical to Tunisia's — both sit at 20%. 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 |
| Tunisia | 19% | Source: PWC Worldwide Tax Summaries — Tunisia (Corporate, Other taxes) · as of 2026-06-29 |
| Difference | +5 pp | Iceland higher |
Iceland's VAT rate is 5pp higher than Tunisia's (24% vs 19%). The 181-country average is 15%: 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 |
| Tunisia | 1% | Source: PWC Worldwide Tax Summaries — Tunisia (Individual, Other taxes) · as of 2026-06-29 |
| Difference | −1 pp | Tunisia higher |
Tunisia's wealth tax rate is 1pp higher than Iceland's (1% vs 0%). The 193-country average is 0.1%: Iceland sits below it, Tunisia sits above it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.