Iceland vs Italy: Taxes on income, profits and capital gains
Iceland
34.6%
in 2023
Italy
34.7%
in 2024
Iceland rank
32nd
Italy rank
31st
Taxes on income, profits and capital gains over time
- Iceland
- Italy
How they compare
Italy currently reports 34.7% against 34.6% in Iceland, a difference of 0.1%.
The two have swapped places 4 times across 46 shared years of data; in 1973 it was Iceland ahead.
Iceland ranks 32nd and Italy ranks 31st of 153 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and Italy in 5.
Head to head by decade
| Decade | Iceland | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.1% | 23.0% | 11.9% | Italy |
| 1980s | 10.6% | 34.9% | 24.4% | Italy |
| 1990s | 22.7% | 33.8% | 11.1% | Italy |
| 2000s | 26.0% | 34.1% | 8.1% | Italy |
| 2010s | 26.4% | 32.4% | 6.0% | Italy |
| 2020s | 32.9% | 32.7% | 0.2% | 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 Italy?
- Italy, at 34.7% against 34.6% in Iceland as of 2024.
- What is the difference in taxes on income, profits and capital gains between Iceland and Italy?
- 0.1%, with Italy ahead.
- How many years of comparable data are there for Iceland and Italy?
- 46 years are reported by both, from 1973 to 2023.
- How do Iceland and Italy rank globally for taxes on income, profits and capital gains?
- Iceland ranks 32nd and Italy ranks 31st 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.