Taxes on goods and services as a share of revenue reached 37.7% in 2020 in Iceland, according to the National Statistical Office. This is 3.50% more than in the previous year.
Historically, taxes on goods and services as a share of revenue in Iceland reached an all time high of 52.9% in 1988 and an all time low of 23.7% in 2016.
Iceland has been ranked 42nd within the group of 111 countries we follow in terms of taxes on goods and services as a share of revenue.
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