IS · Europe · ISK

Iceland

Income Tax

46.3%

Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01

Corporate Tax

20%

Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01

VAT

24%

Source: OECD Tax Database — VAT/GST standard rates · as of 2023-09-01

Wealth Tax

Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22

No net wealth tax levied. Iceland's recurring wealth tax (auðlegðarskattur) was abolished at the end of 2005; a temporary emergency version was reintroduced for 2010–2014 following the financial crisis and was not renewed after that. No wealth tax is currently in force.

No verified data yet for: Capital Gains Tax, Crypto Tax.