The Corporate Tax Rate in Iceland stands at 20 percent. source: Directorate of Internal Revenue

Corporate Tax Rate in Iceland averaged 22.90 percent from 1993 until 2021, reaching an all time high of 33 percent in 1994 and a record low of 15 percent in 2008. This page provides - Iceland Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Corporate Tax Rate - values, historical data and charts - was last updated on December of 2022.

Corporate Tax Rate in Iceland is expected to reach 20.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Corporate Tax Rate is projected to trend around 20.00 percent in 2023, according to our econometric models.

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Iceland Corporate Tax Rate

Related Last Previous Unit Reference
Corporate Tax Rate 20.00 20.00 percent Dec 2022
Personal Income Tax Rate 46.25 46.25 percent Dec 2022
Social Security Rate 15.50 10.10 percent Dec 2022
Social Security Rate For Companies 11.50 6.10 percent Dec 2022
Social Security Rate For Employees 4.00 4.00 percent Dec 2022

Iceland Corporate Tax Rate
In Iceland, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Iceland.
Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 33.00 15.00 1993 - 2022 percent Yearly