Effective tax rates - Corporate tax statistics — Effective marginal in Iceland
Iceland: Effective tax rates - Corporate tax statistics — Effective marginal was 144.03 Percentage of taxable income in 2025. ◆ Volatile
Effective tax rates - Corporate tax statistics — Effective marginal in Iceland, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Iceland recorded 144.03 Percentage of taxable income for effective tax rates - corporate tax statistics — effective marginal in 2025.
That represents a change of down 33.2% on the previous year and up 460.2% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective marginal in Iceland peaked at 215.58 Percentage of taxable income in 2024 and was at its lowest, 24.55 Percentage of taxable income, in 2020.
Iceland ranks 4th of 99 countries on this measure, in the top 10%.
Effective tax rates - Corporate tax statistics — Effective marginal in Iceland, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 25.71 Percentage of taxable income | — |
| 2018 | 26.11 Percentage of taxable income | +1.6% |
| 2019 | 25.52 Percentage of taxable income | -2.3% |
| 2020 | 24.55 Percentage of taxable income | -3.8% |
| 2021 | 38.06 Percentage of taxable income | +55.0% |
| 2022 | 64.15 Percentage of taxable income | +68.5% |
| 2023 | 140.34 Percentage of taxable income | +118.8% |
| 2024 | 215.58 Percentage of taxable income | +53.6% |
| 2025 | 144.03 Percentage of taxable income | -33.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 25.78 Percentage of taxable income | 25.52 Percentage of taxable income | 26.11 Percentage of taxable income | 3 |
| 2020s | 104.45 Percentage of taxable income | 24.55 Percentage of taxable income | 215.58 Percentage of taxable income | 6 |
Countries ranked near Iceland
- 1 Cameroon 364.49 Percentage of taxable income compare
- 1 Democratic Republic of the Congo 43.54 Percentage of taxable income compare
- 2 Viet Nam 10.24 Percentage of taxable income compare
- 2 Zambia 204.38 Percentage of taxable income compare
- 3 Türkiye -59.05 Percentage of taxable income compare
- 3 Botswana 173.38 Percentage of taxable income compare
- 5 Namibia 141.19 Percentage of taxable income compare
- 6 Bolivia, Plurinational State of 134.47 Percentage of taxable income compare
- 7 Papua New Guinea 106.59 Percentage of taxable income compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is effective tax rates - corporate tax statistics — effective marginal in Iceland?
- Effective tax rates - corporate tax statistics — effective marginal in Iceland was 144.03 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective marginal recorded in Iceland?
- The highest recorded value was 215.58 Percentage of taxable income in 2024.
- What is the lowest effective tax rates - corporate tax statistics — effective marginal recorded in Iceland?
- The lowest recorded value was 24.55 Percentage of taxable income in 2020.
- How does Iceland rank for effective tax rates - corporate tax statistics — effective marginal?
- Iceland ranks 4th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective marginal rising or falling in Iceland?
- Over the last ten years it is up 460.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective marginal tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.