Iceland vs Thailand: Statutory corporate income tax rate
Iceland
20.0%
in 2018
Thailand
20.0%
in 2018
Iceland rank
54th
Thailand rank
54th
Statutory corporate income tax rate over time
- Iceland
- Thailand
How they compare
Iceland currently reports 20.0% against 20.0% in Thailand, a difference of 0.0%.
Across all 19 years both countries report, Thailand has been ahead every year.
Iceland ranks 54th and Thailand ranks 54th of 93 countries.
Thailand has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 19.8% | 30.0% | 10.2% | Thailand |
| 2010s | 19.8% | 22.6% | 2.8% | Thailand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher statutory corporate income tax rate, Iceland or Thailand?
- Iceland, at 20.0% against 20.0% in Thailand as of 2018.
- What is the difference in statutory corporate income tax rate between Iceland and Thailand?
- 0.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Thailand?
- 19 years are reported by both, from 2000 to 2018.
- How do Iceland and Thailand rank globally for statutory corporate income tax rate?
- Iceland ranks 54th and Thailand 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.