European Union vs Iceland: Taxes on income, profits and capital gains
European Union
22.3%
in 2024
Iceland
34.6%
in 2023
European Union rank
35th
Iceland rank
32nd
Taxes on income, profits and capital gains over time
- European Union
- Iceland
How they compare
Iceland currently reports 34.6% against 22.3% in European Union, a difference of 12.3%.
That makes Iceland's figure about 1.5 times European Union's.
The two have swapped places 5 times across 51 shared years of data; in 1973 it was European Union ahead.
European Union ranks 35th and Iceland ranks 32nd of 41 groups.
Across the 6 decades both report, European Union averaged higher in 3 and Iceland in 3.
Head to head by decade
| Decade | European Union | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 21.0% | 11.1% | 9.9% | European Union |
| 1980s | 21.7% | 10.6% | 11.1% | European Union |
| 1990s | 21.5% | 21.5% | 0.0% | European Union |
| 2000s | 21.2% | 26.0% | 4.8% | Iceland |
| 2010s | 18.6% | 26.4% | 7.8% | Iceland |
| 2020s | 20.2% | 32.9% | 12.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, European Union or Iceland?
- Iceland, at 34.6% against 22.3% in European Union as of 2023.
- What is the difference in taxes on income, profits and capital gains between European Union and Iceland?
- 12.3%, with Iceland ahead.
- How many years of comparable data are there for European Union and Iceland?
- 51 years are reported by both, from 1973 to 2023.
- How do European Union and Iceland rank globally for taxes on income, profits and capital gains?
- European Union ranks 35th and Iceland ranks 32nd 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.