FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.
 
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Arctic Region > Iceland > Taxation

ICELANDIC TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
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]
Tax revenue > current LCU 197026300000 ...
Taxes on exports > % of tax revenue 0.01 % ... [16th of 36]
Taxes on exports > current LCU 5371400 ...
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 goods and services > current LCU 113330300000 ...
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 income, profits and capital gains > current LCU 69429910000 ...
Taxes on international trade > % of revenue 0.96 % ... [77th of 86]
Taxes on international trade > current LCU 2476076000 ...
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 > Lower rate for dwellings 9.8 [3rd of 25]
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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