Paying taxes: Total tax and contribution rate in Iceland
Iceland: Paying taxes: Total tax and contribution rate was 31.9% in 2019. ▲ Rising
Paying taxes: Total tax and contribution rate in Iceland, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
Iceland recorded 31.9% for paying taxes: total tax and contribution rate in 2019. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 4.2% on the previous year and up 30.7% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Iceland peaked at 31.9% in 2019 and was at its lowest, 24.4%, in 2009.
That places Iceland 131st out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Iceland, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 26.8% | — |
| 2006 | 26.8% | +0.0% |
| 2007 | 26.3% | -1.9% |
| 2008 | 26.1% | -0.8% |
| 2009 | 24.4% | -6.5% |
| 2010 | 26.4% | +8.2% |
| 2011 | 30.3% | +14.8% |
| 2012 | 31.1% | +2.6% |
| 2013 | 30.3% | -2.6% |
| 2014 | 30.3% | +0.0% |
| 2015 | 30.1% | -0.7% |
| 2016 | 30.1% | +0.0% |
| 2017 | 29.9% | -0.7% |
| 2018 | 30.6% | +2.3% |
| 2019 | 31.9% | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.1% | 24.4% | 26.8% | 5 |
| 2010s | 30.1% | 26.4% | 31.9% | 10 |
Countries ranked near Iceland
- 128 Lebanon 32.2% compare
- 129 Fiji 32.1% compare
- 130 Solomon Islands 32.0% compare
- 132 Uzbekistan 31.6% compare
- 132 Zimbabwe 31.6% compare
- 134 South Sudan 31.4% compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate in Iceland?
- Paying taxes: total tax and contribution rate in Iceland was 31.9% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Iceland?
- The highest recorded value was 31.9% in 2019.
- What is the lowest paying taxes: total tax and contribution rate recorded in Iceland?
- The lowest recorded value was 24.4% in 2009.
- How does Iceland rank for paying taxes: total tax and contribution rate?
- Iceland ranks 131st out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Iceland?
- Over the last ten years it is up 30.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.