AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Europe

Iceland

Iceland applies progressive personal income tax plus municipal tax. Capital gains taxed separately.

Personal income tax

31.45–46.25% (combined)
Top marginal rate / range

Corporate tax

20%
Standard rate

VAT / Sales tax

24% (VAT)
Standard indirect tax

At a glance

  • Tax yearCalendar year
  • Filing deadlineMarch
  • Capital gains22%
Official Tax Authority Ríkisskattstjóri
Visit official site →
This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with Iceland's official tax authority (linked above) or a qualified tax professional before making any decision.