The Sales Tax Rate in Iceland stands at 24 percent. Sales Tax Rate in Iceland averaged 24.50 percent from 2010 until 2024, reaching an all time high of 25.50 percent in 2011 and a record low of 24.00 percent in 2015. source: Internal Revenue Directorate

Sales Tax Rate in Iceland is expected to reach 24.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Sales Tax Rate - VAT is projected to trend around 24.00 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
Sales Tax Rate 24.00 24.00 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 Sales Tax Rate - VAT
In Iceland, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Iceland.
Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 25.50 24.00 2010 - 2024 percent Yearly