FACTOID #
1:
Don't start a company in
Australia
. More than 20% of the tax collected in
Australia
is
corporate income tax
.
Interesting taxation facts
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Arctic Region >
Iceland
> Taxation
View full size
ICELANDIC TAXATION STATS:
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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]
... View all Taxation stats
SOURCES:
OECD Revenue Statistics;
World Development Indicators database
;
OECD
;
Parliamentary Assembly of the Council of Europe
ALTERNATIVE NAMES:
Iceland, Republic of Iceland, Lydhveldidh Island, Island
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