The Personal Income Tax Rate in Iceland stands at 46.30 percent. Personal Income Tax Rate in Iceland averaged 44.50 percent from 1995 until 2018, reaching an all time high of 46.90 percent in 1996 and a record low of 35.70 percent in 2007.

Personal Income Tax Rate in Iceland is expected to be 46.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Personal Income Tax Rate is projected to trend around 45.00 percent in 2020, according to our econometric models.


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Iceland Personal Income Tax Rate
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Iceland Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 33.00 15.00 percent [+]
Personal Income Tax Rate 46.30 46.30 46.90 35.70 percent [+]
Sales Tax Rate 24.00 24.00 25.50 24.00 percent [+]
Social Security Rate 10.84 10.84 16.65 10.84 percent [+]
Social Security Rate For Companies 6.84 6.84 8.65 5.23 percent [+]
Social Security Rate For Employees 4.00 4.00 8.00 4.00 percent [+]


Iceland Personal Income Tax Rate

In Iceland, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Iceland. This page provides - Iceland Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Personal Income Tax Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
46.30 46.30 46.90 35.70 1995 - 2018 percent Yearly




Country Last
Japan 55.95 Dec/18
Netherlands 52.00 Dec/18
Germany 47.50 Dec/18
Australia 45.00 Dec/18
China 45.00 Dec/18
France 45.00 Dec/18
South Africa 45.00 Dec/18
Spain 45.00 Dec/18
United Kingdom 45.00 Dec/18
Italy 43.00 Dec/18
South Korea 40.00 Dec/18
Switzerland 40.00 Dec/18
United States 37.00 Dec/18
India 35.88 Dec/18
Argentina 35.00 Dec/18
Mexico 35.00 Dec/18
Turkey 35.00 Dec/18
Canada 33.00 Dec/18
Indonesia 30.00 Dec/18
Brazil 27.50 Dec/18
Singapore 22.00 Dec/18
Russia 13.00 Dec/18
Saudi Arabia 0.00 Dec/18


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