Iceland Sales Tax Rate - VAT

Summary
Forecast

The Sales Tax Rate in Iceland stands at 24 percent. Sales Tax Rate in Iceland averaged 24.83 percent from 2010 until 2018, reaching an all time high of 25.50 percent in 2011 and a record low of 24 percent in 2015.

Sales Tax Rate in Iceland is expected to be 24.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Sales Tax Rate - VAT is projected to trend around 24.00 percent in 2020, according to our econometric models.

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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 Sales Tax Rate - VAT

In Iceland, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Iceland. This page provides - Iceland Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Sales Tax Rate - VAT - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	24.00	24.00	25.50	24.00	2010 - 2018	percent	Yearly

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Country	Last		Previous	Highest	Lowest
Italy	22.00	Dec/18	22	22	20	%	Yearly
Argentina	21.00	Dec/18	21	21	21	%	Yearly
Netherlands	21.00	Dec/18	21	21	17.5	%	Yearly
Spain	21.00	Dec/18	21	21	16	%	Yearly
Euro Area	20.80	Dec/18	20.8	20.8	13.5	%	Yearly
France	20.00	Dec/18	20	20	19.6	%	Yearly
United Kingdom	20.00	Dec/18	20	20	8	%	Yearly
Germany	19.00	Dec/18	19	19	16	%	Yearly
India	18.00	Dec/18	18	18	12.36	%	Yearly
Russia	18.00	Dec/18	18	18	18	%	Yearly
Turkey	18.00	Dec/18	18	18	18	%	Yearly
Brazil	17.00	Dec/18	17	17	17	%	Yearly
China	17.00	Dec/18	17	17	17	%	Yearly
Mexico	16.00	Dec/18	16	16	15	%	Yearly
South Africa	15.00	Dec/18	14	15	14	%	Yearly
Australia	10.00	Dec/18	10	10	10	%	Yearly
Indonesia	10.00	Dec/18	10	10	10	%	Yearly
South Korea	10.00	Dec/18	10	10	10	%	Yearly
Japan	8.00	Dec/18	8	8	5	%	Yearly
Switzerland	7.70	Dec/18	8	8	7.6	%	Yearly
Singapore	7.00	Dec/18	7	7	5	%	Yearly
Canada	5.00	Dec/18	5	7	5	%	Yearly
Saudi Arabia	5.00	Jan/18	5	5	5	%	Yearly
United States	0.00	Dec/18	0	0	0	%	Yearly