Australia vs Iceland: Personal income tax (PIT) - top statutory and marginal tax rate — Top
Personal income tax (PIT) - top statutory and marginal tax rate — Top over time
- Australia
- Iceland
How they compare
Australia currently reports 1.75 Factor of average annual wage against 1.33 Factor of average annual wage in Iceland, a difference of 0.42 Factor of average annual wage.
That makes Australia's figure about 1.3 times Iceland's.
Across all 26 years both countries report, Australia has been ahead every year.
Australia ranks 21st and Iceland ranks 24th of 29 countries.
Australia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.74 Factor of average annual wage | 0.8891 Factor of average annual wage | 0.854 Factor of average annual wage | Australia |
| 2010s | 2.3 Factor of average annual wage | 1.37 Factor of average annual wage | 0.9355 Factor of average annual wage | Australia |
| 2020s | 1.85 Factor of average annual wage | 1.28 Factor of average annual wage | 0.57 Factor of average annual wage | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal income tax (pit) - top statutory and marginal tax rate — top, Australia or Iceland?
- Australia, at 1.75 Factor of average annual wage against 1.33 Factor of average annual wage in Iceland as of 2025.
- What is the difference in personal income tax (pit) - top statutory and marginal tax rate — top between Australia and Iceland?
- 0.42 Factor of average annual wage, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 26 years are reported by both, from 2000 to 2025.
- How do Australia and Iceland rank globally for personal income tax (pit) - top statutory and marginal tax rate — top?
- Australia ranks 21st and Iceland ranks 24th of 29 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Personal income tax (PIT) - top statutory and marginal tax rate — Top statutory personal income tax rate earnings threshold. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
A single person without dependants based on the earnings level where the top statutory personal income tax rate first applies. The marginal tax rates are derived on the basis of a unit increase in gross wage earnings at the threshold. Related topics: Taxing Wages, Labour taxation, Tax wedge decomposition, Average wage, Income, Household