The Corporate Tax Rate in Iceland stands at 21 percent. Corporate Tax Rate in Iceland averaged 22.66 percent from 1993 until 2024, reaching an all time high of 33.00 percent in 1994 and a record low of 15.00 percent in 2008. source: Directorate of Internal Revenue

Corporate Tax Rate in Iceland is expected to reach 21.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Corporate Tax Rate is projected to trend around 21.00 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
Corporate Tax Rate 21.00 20.00 percent Dec 2024
Personal Income Tax Rate 46.28 46.25 percent Dec 2024
Social Security Rate 10.35 10.35 percent Dec 2023
Social Security Rate For Companies 6.35 6.35 percent Dec 2023
Social Security Rate For Employees 4.00 4.00 percent Dec 2023
Withholding Tax Rate 13.00 12.00 percent Dec 2024

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
21.00 20.00 33.00 15.00 1993 - 2024 percent Yearly