IS · EuropeUA · Europe
Iceland vs Ukraine: tax rates compared
Iceland's income tax rate is 28.3pp higher than Ukraine's (46.3% vs 18%). The 200-country average is 28%: Iceland sits above it, Ukraine sits below it. Iceland's figure is dated 2025-01-01 and Ukraine's 2026-06-30, so the two rates come from different data vintages.
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 | UA | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 18% | IS +28.3 pplargest gap |
| Corporate Tax | 20% | 18% | IS +2 pp |
| VAT | 24% | 20% | IS +4 pp |
| Capital Gains Tax | 22% | 18% | IS +4 pp |
| Crypto Tax | 22% | 18% | IS +4 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 |
| Ukraine | 18% | Source: PWC Worldwide Tax Summaries — Ukraine (Individual, Taxes on personal income) · as of 2026-06-30 |
| Difference | +28.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Ukraine | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +2 pp | Iceland higher |
Iceland's corporate tax rate is 2pp higher than Ukraine's (20% vs 18%). 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 |
| Ukraine | 20% | Source: PWC Worldwide Tax Summaries — Ukraine (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | +4 pp | Iceland higher |
Iceland's VAT rate is 4pp higher than Ukraine's (24% vs 20%). The 181-country average is 15%: both sit 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 |
| Ukraine | 18% | Source: PWC Worldwide Tax Summaries — Capital gains tax (CGT) rates (quick chart, Ukraine individual row) · as of 2026-06-30 |
| Difference | +4 pp | Iceland higher |
Iceland's capital gains tax rate is 4pp higher than Ukraine's (22% vs 18%). The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Ukraine | 18% | Source: State Tax Service of Ukraine, Odesa Oblast — official explainer on personal income tax and military levy taxation of individual income from cryptocurrency transactions · as of 2024-07-18 |
| Difference | +4 pp | Iceland higher |
Iceland's crypto tax rate is 4pp higher than Ukraine's (22% vs 18%). The 88-country average is 13%: both sit above it. Iceland's figure is dated 2026-07-19 and Ukraine's 2024-07-18, 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 |
| Ukraine | 0% | Source: PWC Worldwide Tax Summaries — Ukraine (Individual, Other taxes) · as of 2026-06-30 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to Ukraine's — both sit at 0%. The 193-country average is 0.1%: both sit below it.