Iceland Social Security Rate

The Social Security Rate in Iceland stands at 10.84 percent. Social Security Rate in Iceland averaged 13.39 percent from 2000 until 2018, reaching an all time high of 16.65 percent in 2010 and a record low of 10.84 percent in 2017.

Social Security Rate in Iceland is expected to be 10.84 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Social Security Rate is projected to trend around 12.00 percent in 2020, according to our econometric models.

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Iceland Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	20.00	20.00	33.00	15.00	percent	[+]
Personal Income Tax Rate	46.30	46.30	46.90	35.70	percent	[+]
Sales Tax Rate	24.00	24.00	25.50	24.00	percent	[+]
Social Security Rate	10.84	10.84	16.65	10.84	percent	[+]
Social Security Rate For Companies	6.60	6.85	8.65	5.23	percent	[+]
Social Security Rate For Employees	4.00	4.00	8.00	4.00	percent	[+]

Iceland Social Security Rate

In Iceland, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Iceland because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Iceland Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Social Security Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	10.84	10.84	16.65	10.84	2000 - 2018	percent	Yearly

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Country	Last		Previous	Range
France	59.20	Dec/18	59.2	59.2 : 51.22	%
China	48.00	Dec/18	48	48 : 48	%
Netherlands	47.45	Dec/19	46.65	53.05 : 46.12	%
Argentina	43.70	Dec/19	43.7	44 : 40	%
Brazil	39.80	Dec/19	39.8	42.8 : 31	%
Italy	39.49	Dec/19	39.49	45.9 : 39.49	%
Germany	39.06	Dec/19	40.21	42.53 : 33.35	%
Turkey	37.50	Dec/19	37.5	38.5 : 31.5	%
Singapore	37.00	Dec/19	37	37 : 33	%
Spain	36.25	Dec/19	36.25	39.44 : 36.2	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Japan	29.20	Dec/18	29.2	29.6 : 18.39	%
United Kingdom	25.80	Dec/19	25.8	25.8 : 9	%
India	24.00	Dec/18	24	24 : 24	%
Saudi Arabia	22.00	Dec/19	22	22 : 20	%
South Korea	18.81	Dec/18	18.81	18.81 : 15.3	%
United States	15.30	Dec/18	15.3	16.75 : 15.3	%
Canada	14.09	Dec/19	13.81	14.95 : 7.9	%
Switzerland	12.00	Dec/19	12	18.1 : 12	%
Australia	11.50	Dec/19	11.5	11.5 : 10.5	%
Indonesia	9.74	Dec/18	9.74	15.74 : 9.74	%
Mexico	9.23	Dec/18	9.23	17.63 : 0	%
South Africa	2.00	Dec/19	2	3 : 2	%