Which has higher taxes on income, profits and capital gains, Guatemala or Iceland?

Iceland, at 34.6% against 33.9% in Guatemala as of 2023.

How many years of comparable data are there for Guatemala and Iceland?

34 years are reported by both, from 1990 to 2023.

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.

Guatemala vs Iceland: Taxes on income, profits and capital gains

Guatemala

33.9%

in 2024

Iceland

34.6%

in 2023

Guatemala rank

35th

Iceland rank

32nd

Taxes on income, profits and capital gains over time

Guatemala
Iceland

How they compare

Iceland currently reports 34.6% against 33.9% in Guatemala, a difference of 0.7%.

The two have swapped places 12 times across 34 shared years of data; in 1990 it was Iceland ahead.

Guatemala ranks 35th and Iceland ranks 32nd of 153 countries.

Across the 4 decades both report, Guatemala averaged higher in 2 and Iceland in 2.

Head to head by decade

Decade	Guatemala	Iceland	Difference	Ahead
1990s	20.2%	21.5%	1.3%	Iceland
2000s	25.7%	26.0%	0.3%	Iceland
2010s	31.1%	26.4%	4.7%	Guatemala
2020s	33.1%	32.9%	0.2%	Guatemala

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes on income, profits and capital gains, Guatemala or Iceland?: Iceland, at 34.6% against 33.9% in Guatemala as of 2023.
What is the difference in taxes on income, profits and capital gains between Guatemala and Iceland?: 0.7%, with Iceland ahead.
How many years of comparable data are there for Guatemala and Iceland?: 34 years are reported by both, from 1990 to 2023.
How do Guatemala and Iceland rank globally for taxes on income, profits and capital gains?: Guatemala ranks 35th and Iceland ranks 32nd of 153 countries.
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.

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Guatemala vs Iceland: Taxes on income, profits and capital gains. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 18 September 2026, from https://public-sector.statizoid.com/compare/taxes-on-income-profits-and-capital-gains-percent-of-revenue/guatemala/iceland/

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About this data

Indicator: Taxes on income, profits and capital gains (% of revenue)
Unit: % of revenue
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 194 places, 5,670 data points, 1972–2024
Last refreshed: 17 September 2026

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.