IS · EuropeTV · Oceania
Iceland vs Tuvalu: tax rates compared
Iceland has an income tax rate of 46.3%, 16.3pp above Tuvalu's 30%. The 200-country average is 28%: both sit above it. Iceland's figure is dated 2025-01-01 and Tuvalu's 2023-07-21, 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 | TV | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 30% | IS +16.3 pp |
| VAT | 24% | 4% | IS +20 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 |
| Tuvalu | 30% | Source: Tuvalu Legislation (official government legislation portal) — Income Tax Act, CAP. 26.16 (2022 Revised Edition), Schedule 6 · as of 2023-07-21 |
| Difference | +16.3 pp | Iceland higher |
VAT
| Country | Rate | Source |
|---|---|---|
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Tuvalu | 4% | Source: Consumption Tax Regulations, 2022 Revised Edition (CAP 26.02.1), Tuvalu · as of 2011-12-19 |
| Difference | +20 pp | Iceland higher |
Iceland has a VAT rate of 24%, 20pp above Tuvalu's 4%. The 181-country average is 15%: Iceland sits above it, Tuvalu sits below it. Iceland's figure is dated 2026-06-22 and Tuvalu's 2011-12-19, 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 |
| Tuvalu | 0% | Source: Tuvalu Income Tax Act (CAP. 26.16), 2022 Revised Edition — Tuvalu Legislation Online · as of 2022-12-31 |
| Difference | +22 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 22pp above Tuvalu's 0%. The 175-country average is 10.3%: Iceland sits above it, Tuvalu sits below it. Iceland's figure is dated 2026-01-01 and Tuvalu's 2022-12-31, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Tuvalu | 0% | Source: Tuvalu Income Tax Act (CAP. 26.16), 2022 Revised Edition — Tuvalu Legislation Online · as of 2022-12-31 |
| Difference | +22 pp | Iceland higher |
Iceland has a crypto tax rate of 22%, 22pp above Tuvalu's 0%. The 88-country average is 13%: Iceland sits above it, Tuvalu sits below it. Iceland's figure is dated 2026-07-19 and Tuvalu's 2022-12-31, 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 |
| Tuvalu | 0% | Source: Tuvalu Income Tax Act 1992 (principal direct-tax statute), via International Center for Not-for-Profit Law mirror · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Iceland and Tuvalu share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Corporate Tax.