HowMuchBusiness.Tax

Iceland

Side-by-side tax comparison of 1 country

Iceland flagIceland
IcelandIceland

Corporate tax rate is 21% (reduced from 22% in 2025).

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Corporate Tax
21%
Income Tax
31.45% - 46.25%
VAT Rate
24%
Capital Gains Tax
22%
Effective Rate
21%
Income Tax Brackets
  • 0 - 4,099,87931.45%
  • 4,099,879 - 11,513,99537.95%
  • 11,513,995 - ∞46.25%
Capital Gains
22%

Capital gains tax is 22% (flat rate).