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% |
Iceland compared with similar countries
- Iceland's 144.03 Percentage of taxable income is above the median for high income countries, which is 20.11 Percentage of taxable income, 7.2× the median. (54 countries reporting)
- Iceland's 144.03 Percentage of taxable income is above the median for Europe & Central Asia, which is 26.05 Percentage of taxable income, 5.5× the median. (39 countries reporting)
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 134.47 Percentage of taxable income compare
- 7 Papua New Guinea 106.59 Percentage of taxable income compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % 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.