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Iceland

Business Tax Calculator

Corporate Tax
21%
Income Tax
31.45-46.25%
VAT Rate
24%
Effective Rate
21%

Overview

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

Income tax rates range from 31.45% to 46.25% (combined national and municipal).

Tax Calculator

Overview

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

Income tax rates range from 31.45% to 46.25% (combined national and municipal).

Tax Brackets

0 - 4,099,87931.45%
4,099,879 - 11,513,99537.95%
11,513,995 - 46.25%

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