Statutory corporate income tax rate in Iceland
Iceland: Statutory corporate income tax rate was 20 in 2018. ▼ Falling
Latest (2018)
20
Change on year
unchanged
World rank
53rd
of 91 countries
All-time high
30
in 2000
All-time low
15
in 2008
Years of data
19
2000–2018
Statutory corporate income tax rate in Iceland, 2000–2018
Source: Our World in Data.
Analysis
The most recent figure for statutory corporate income tax rate in Iceland is 20, measured in 2018.
That represents a change of up 33.3% over ten years.
Over the whole period, statutory corporate income tax rate in Iceland peaked at 30 in 2000 and was at its lowest, 15, in 2008.
Iceland ranks 53rd of 91 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 30 | — |
| 2001 | 30 | +0.0% |
| 2002 | 18 | -40.0% |
| 2003 | 18 | +0.0% |
| 2004 | 18 | +0.0% |
| 2005 | 18 | +0.0% |
| 2006 | 18 | +0.0% |
| 2007 | 18 | +0.0% |
| 2008 | 15 | -16.7% |
| 2009 | 15 | +0.0% |
| 2010 | 18 | +20.0% |
| 2011 | 20 | +11.1% |
| 2012 | 20 | +0.0% |
| 2013 | 20 | +0.0% |
| 2014 | 20 | +0.0% |
| 2015 | 20 | +0.0% |
| 2016 | 20 | +0.0% |
| 2017 | 20 | +0.0% |
| 2018 | 20 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.8 | 15 | 30 | 10 |
| 2010s | 19.78 | 18 | 20 | 9 |
Countries ranked near Iceland
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)
- GDP (current US$), annual growth rate 16.26 % change on previous year (2025)
- GDP (current US$), per capita 98,323 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.24 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 128.44 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 12.63 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Iceland?
- Statutory corporate income tax rate in Iceland was 20 in 2018, according to Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Iceland?
- The highest recorded value was 30 in 2000.
- What is the lowest statutory corporate income tax rate recorded in Iceland?
- The lowest recorded value was 15 in 2008.
- How does Iceland rank for statutory corporate income tax rate?
- Iceland ranks 53rd out of 91 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Iceland?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).