Iceland vs Latvia: Statutory corporate income tax rate
Iceland
20.0%
in 2018
Latvia
20.0%
in 2018
Iceland rank
54th
Latvia rank
54th
Statutory corporate income tax rate over time
- Iceland
- Latvia
How they compare
Iceland currently reports 20.0% against 20.0% in Latvia, a difference of 0.0%.
The two have swapped places 5 times across 19 shared years of data; in 2000 it was Iceland ahead.
Iceland ranks 54th and Latvia ranks 54th of 93 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 19.8% | 18.1% | 1.7% | Iceland |
| 2010s | 19.8% | 15.6% | 4.2% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher statutory corporate income tax rate, Iceland or Latvia?
- Iceland, at 20.0% against 20.0% in Latvia as of 2018.
- What is the difference in statutory corporate income tax rate between Iceland and Latvia?
- 0.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 19 years are reported by both, from 2000 to 2018.
- How do Iceland and Latvia rank globally for statutory corporate income tax rate?
- Iceland ranks 54th and Latvia ranks 54th of 93 countries.
- Where does this data come from?
- OECD (2019) β processed by Our World in Data, published as Statutory corporate income tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.