Iceland vs IDA only: Taxes on income, profits and capital gains
Iceland
34.6%
in 2023
IDA only
24.1%
in 2021
Iceland rank
32nd
IDA only rank
33rd
Taxes on income, profits and capital gains over time
- Iceland
- IDA only
How they compare
Iceland currently reports 34.6% against 24.1% in IDA only, a difference of 10.5%.
That makes Iceland's figure about 1.4 times IDA only's.
The two have swapped places 2 times across 10 shared years of data; in 2012 it was Iceland ahead.
Iceland ranks 32nd and IDA only ranks 33rd of 153 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | IDA only | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 26.9% | 20.8% | 6.1% | Iceland |
| 2020s | 32.1% | 23.8% | 8.3% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Iceland or IDA only?
- Iceland, at 34.6% against 24.1% in IDA only as of 2023.
- What is the difference in taxes on income, profits and capital gains between Iceland and IDA only?
- 10.5%, with Iceland ahead.
- How many years of comparable data are there for Iceland and IDA only?
- 10 years are reported by both, from 2012 to 2021.
- How do Iceland and IDA only rank globally for taxes on income, profits and capital gains?
- Iceland ranks 32nd and IDA only ranks 33rd 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.
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.