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Economy > Government > Revenue > Tax Stats: compare key data on Iceland & Maldives

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Definitions

  • Corporate tax: Corporate tax.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    Bangladesh had range specified: 45%-0%

    Maldives had range specified: 15%-0%

    Mexico had range specified: 30%-28%

    Spain had range specified: 30%-25%

    Sri Lanka had range specified: 35%-0%

    Switzerland had range specified: 25%-13%

  • Sales tax, VAT or GST: VAT / GST / Sales.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    India had range specified: 14.5% - 5.5%

    Uzbekistan had range specified: 0- 20%

  • Tax burden, % of GDP: Overall taxes, including all forms of direct and indirect taxation at all levels of government, as a percentage of GDP.
  • Taxes foreign income of nonresident citizens: Indicates whether or not a tax is levied on the foreign income of non-resident citizens. An asterisk indicates that certain exemptions exist.
  • Taxes foreign income of resident foreigners: Indicates whether or not a tax is levied on the foreign income of resident foreigners.
  • Taxes local income of nonresident individuals: Indicates whether or not a tax is levied on income generated in the country by individuals who are not residents (applies to both, citizens and foreigners).
  • Taxes local income of resident citizens: Indicates whether or not a tax is levied on income generated within the country by individuals who are both citizens and residents of this country.
  • Taxes local income of resident foreigners: Indicates whether or not a tax is levied on income generated within the country by resident foreigners
STAT Iceland Maldives HISTORY
Corporate tax 18%
Ranked 16th. 2 times more than Maldives
7.5%
Ranked 45th.
Sales tax, VAT or GST 25.5%
Ranked 1st. 4 times more than Maldives
6%
Ranked 61st.
Tax burden, % of GDP 36
Ranked 19th. 2 times more than Maldives
16.2
Ranked 113th.
Taxes foreign income of nonresident citizens no no
Taxes foreign income of resident foreigners yes no
Taxes local income of nonresident individuals yes no
Taxes local income of resident citizens yes no
Taxes local income of resident foreigners yes no

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