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

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Definitions

STAT Iceland Norway
Corporate income tax u3%
Ranked 27th.
u18.9%
Ranked 2nd. 6 times more than Iceland
Goods and service tax 40.3%
Ranked 4th. 29% more than Norway
31.2%
Ranked 14th.
Personal income tax 38.6%
Ranked 3rd. 56% more than Norway
24.8%
Ranked 17th.
Social security > Contribution by employer 7.9%
Ranked 23th.
13.7%
Ranked 14th. 73% more than Iceland
Social security > Employees contribution 0.3%
Ranked 28th.
7.7%
Ranked 17th. 26 times more than Iceland

SOURCES: OECD Revenue Statistics

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