The Sales Tax Rate in Iceland stands at 24 percent. source: Internal Revenue Directorate

Sales Tax Rate in Iceland averaged 24.68 percent from 2010 until 2020, reaching an all time high of 25.50 percent in 2011 and a record low of 24 percent in 2015. This page provides - Iceland Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Sales Tax Rate - VAT - values, historical data and charts - was last updated on November of 2020.

Sales Tax Rate in Iceland is expected to reach 24.00 percent by the end of 2020, 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 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Iceland Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 25.50 24.00 2010 - 2020 percent Yearly

Iceland Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 33.00 15.00 percent [+]
Personal Income Tax Rate 46.24 46.24 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 6.35 6.60 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.