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Iraq vs Trinidad and Tobago: tax rates compared
Between the two, Trinidad and Tobago's income tax rate (30%) tops Iraq's (15%) by 15pp. The 200-country average is 28%: Iraq sits below it, Trinidad and Tobago sits 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 | IQ | TT | Difference |
|---|---|---|---|
| Income Tax | 15% | 30% | TT +15 pplargest gap |
| Corporate Tax | 15% | 30% | TT +15 pp |
| VAT | 0% | 12.5% | TT +12.5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Iraq | 15% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Taxes on personal income) · as of 2026-06-24 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −15 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Iraq | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Trinidad and Tobago higher |
Between the two, Trinidad and Tobago's corporate tax rate (30%) tops Iraq's (15%) by 15pp. The 201-country average is 22.6%: Iraq sits below it, Trinidad and Tobago sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Corporate, Other taxes) · as of 2026-06-24 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | −12.5 pp | Trinidad and Tobago higher |
Between the two, Trinidad and Tobago's VAT rate (12.5%) tops Iraq's (0%) by 12.5pp. The 181-country average is 15%: both sit below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Iraq | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Iraq · as of 2025-10-01 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Income determination) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Iraq and Trinidad and Tobago both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it. Iraq's figure is dated 2025-10-01 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Other taxes) · as of 2026-06-24 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Iraq and Trinidad and Tobago both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.