Taxes on income, profits and capital gains as a share of revenue reached 33.1% in 2020 in Iceland, according to the National Statistical Office. This is 6.31% more than in the previous year.
Historically, taxes on income, profits and capital gains as a share of revenue in Iceland reached an all time high of 33.1% in 2020 and an all time low of 7.40% in 1985.
Iceland has been ranked 30th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue.
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