Europe & Central Asia vs Iceland: Taxes on income, profits and capital gains (% of revenue)
Europe & Central Asia
20.9%
in 2024
Iceland
34.6%
in 2023
Europe & Central Asia rank
36th
Iceland rank
33rd
Taxes on income, profits and capital gains (% of revenue) over time
- Europe & Central Asia
- Iceland
How they compare
Iceland currently reports 34.6% against 20.9% in Europe & Central Asia, a difference of 13.7%.
That makes Iceland's figure about 1.7 times Europe & Central Asia's.
Across all 30 years both countries report, Iceland has been ahead every year.
Europe & Central Asia ranks 36th and Iceland ranks 33rd of 41 groups.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Europe & Central Asia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 20.4% | 22.4% | 2.0% | Iceland |
| 2000s | 19.8% | 26.0% | 6.2% | Iceland |
| 2010s | 17.8% | 26.4% | 8.6% | Iceland |
| 2020s | 18.8% | 32.9% | 14.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Europe & Central Asia or Iceland?
- Iceland, at 34.6% against 20.9% in Europe & Central Asia as of 2023.
- What is the difference in taxes on income, profits and capital gains between Europe & Central Asia and Iceland?
- 13.7%, with Iceland ahead.
- How many years of comparable data are there for Europe & Central Asia and Iceland?
- 30 years are reported by both, from 1994 to 2023.
- How do Europe & Central Asia and Iceland rank globally for taxes on income, profits and capital gains?
- Europe & Central Asia ranks 36th and Iceland ranks 33rd of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.