The Social Security Rate For Companies in Iceland stands at 6.60 percent. Social Security Rate For Companies in Iceland averaged 6.55 percent from 2000 until 2019, reaching an all time high of 8.65 percent in 2010 and a record low of 5.23 percent in 2001.

Social Security Rate For Companies in Iceland is expected to be 6.60 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 For Companies is projected to trend around 6.60 percent in 2020, according to our econometric models.

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Iceland Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.85 8.65 5.23 2000 - 2019 percent Yearly


Iceland Social Security Rate For Companies
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 For Companies 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.

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 [+]