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Economy > Tax > Components of taxation Stats: compare key data on Australia & Iceland

Definitions

STAT Australia Iceland
Corporate income tax u16.8%
Ranked 3rd. 6 times more than Iceland
u3%
Ranked 27th.
Goods and service tax 30.3%
Ranked 16th.
40.3%
Ranked 4th. 33% more than Australia
Personal income tax 38.5%
Ranked 4th.
38.6%
Ranked 3rd. About the same as Australia
Social security > Contribution by employer 0.0
Ranked 27th.
7.9%
Ranked 23th.
Social security > Employees contribution 0.0
Ranked 30th.
0.3%
Ranked 28th.

SOURCES: OECD Revenue Statistics

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