Iceland Sales Tax Rate - VAT

The Sales Tax Rate in Iceland stands at 24 percent. Sales Tax Rate in Iceland averaged 24.75 percent from 2010 until 2019, 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	6.60	6.85	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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	24.00	24.00	25.50	24.00	2010 - 2019	percent	Yearly

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Country	Last		Previous	Range
Italy	22.00	Dec/19	22	22 : 20	%
Argentina	21.00	Dec/19	21	21 : 21	%
Netherlands	21.00	Dec/19	21	21 : 17.5	%
Spain	21.00	Dec/19	21	21 : 16	%
Euro Area	20.80	Dec/18	20.8	20.8 : 13.5	%
France	20.00	Dec/19	20	20 : 19.6	%
Russia	20.00	Dec/19	18	20 : 18	%
United Kingdom	20.00	Dec/19	20	20 : 8	%
Germany	19.00	Dec/19	19	19 : 16	%
India	18.00	Dec/19	18	18 : 12.36	%
Turkey	18.00	Dec/19	18	18 : 18	%
Brazil	17.00	Dec/19	17	17 : 17	%
Mexico	16.00	Dec/19	16	16 : 15	%
South Africa	15.00	Dec/19	15	15 : 14	%
China	13.00	Dec/19	16	17 : 13	%
Australia	10.00	Dec/19	10	10 : 10	%
Indonesia	10.00	Dec/19	10	10 : 10	%
South Korea	10.00	Dec/19	10	10 : 10	%
Japan	8.00	Jan/19	8	8 : 5	%
Switzerland	7.70	Dec/19	7.7	8 : 7.6	%
Singapore	7.00	Dec/19	7	7 : 5	%
Canada	5.00	Dec/19	5	7 : 5	%
Saudi Arabia	5.00	Jan/19	5	5 : 5	%
United States	0.00	Dec/19	0	0 : 0	%