Arctic Region > Iceland > Taxation

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Components of taxation > Corporate income tax	u3%		[27th of 28]
Components of taxation > Goods and service tax	40.3%		[4th of 30]
Components of taxation > Personal income tax	38.6%		[3rd of 30]
Customs and other import duties > % of tax revenue	1.25 %		[76th of 82]
Customs and other import duties > current LCU	2470705000
Other taxes > % of revenue	4.55 %		[20th of 91]
Social contributions > % of revenue	9.23 %		[50th of 78]
Tax payments > number	18		[130th of 171]
Tax revenue > % of GDP	24.64 %		[16th of 98]
Tax revenue > current LCU	197026300000
Taxes on goods and services > % of revenue	43.75 %		[9th of 98]
Taxes on goods and services > % value added of industry and services	18.23 %		[5th of 89]
Taxes on income, profits and capital gains > % of revenue	26.81 %		[29th of 98]
Taxes on income, profits and capital gains > % of total taxes	35.24 %		[42nd of 98]
Taxes on international trade > % of revenue	0.96 %		[77th of 86]
Total tax rate > % of profit	27.9 %		[154th of 171]
Total tax wedge > Single worker	25.7%		[25th of 29]
Total tax wedge > Single-income family	2.8%		[29th of 29]
Value Added Tax > Professional services	24.5		[4th of 25]
Value Added Tax > Standard rate	24.5%		[3rd of 25]

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