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Iceland vs United States: tax rates compared
Iceland's income tax rate is 2.6pp higher than United States's (46.3% vs 43.7%). The 200-country average is 28%: both sit above it.
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 | US | Difference |
|---|---|---|---|
| Income Tax | 46.3% | 43.7% | IS +2.6 pp |
| Corporate Tax | 20% | 25.6% | US +5.6 pplargest gap |
| Capital Gains Tax | 22% | 20% | IS +2 pp |
| Crypto Tax | 22% | 20% | IS +2 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 |
| United States | 43.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +2.6 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| United States | 25.6% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5.6 pp | United States higher |
United States's corporate tax rate is 5.6pp higher than Iceland's (25.6% vs 20%). The 201-country average is 22.6%: Iceland sits below it, United States 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 |
| United States | 20% | Source: PWC Worldwide Tax Summaries — United States (Individual, Other taxes) · as of 2025-01-01 |
| Difference | +2 pp | Iceland higher |
Iceland's capital gains tax rate is 2pp higher than United States's (22% vs 20%). The 175-country average is 10.3%: both sit above it. Iceland's figure is dated 2026-01-01 and United States's 2025-01-01, 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 |
| United States | 20% | Source: IRS Publication 550 (2025), Investment Income and Expenses · as of 2025-01-01 |
| Difference | +2 pp | Iceland higher |
Iceland's crypto tax rate is 2pp higher than United States's (22% vs 20%). The 88-country average is 13%: both sit above it. Iceland's figure is dated 2026-07-19 and United States's 2025-01-01, 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 |
| United States | 0% | Source: PWC Worldwide Tax Summaries — United States (Individual, Other taxes) · as of 2026-03-18 |
| Difference | 0 pp | displayed rates match |
Iceland's wealth tax rate is identical to United States's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.