Europe
Currency
ISK
Corporate Tax
20%
Personal Income Tax
46.24%
VAT / GST
24%
Standard 20%.
Top combined ~46.24% (national 31.8% + municipal ~14.45%).
Standard 24%; 11% reduced.
Dividends
0%
Interest
0%
Royalties
0%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
Employer ~6.35% (social + pension); employee ~6.35%.
Capital Gains Tax
22% on gains
Inheritance / Estate Tax
0%
Capital (Net Worth) Tax
0%
Property Tax
Property tax ~0.1–0.5%
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Calendar year
Notes
Pillar Two top-up applies. R&D tax credit. Energy-intensive industries.
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