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

Definitions

STAT Iceland United Kingdom
Corporate income tax u3%
Ranked 27th.
u8.1%
Ranked 16th. 3 times more than Iceland
Goods and service tax 40.3%
Ranked 4th. 23% more than United Kingdom
32.7%
Ranked 13th.
Personal income tax 38.6%
Ranked 3rd. 30% more than United Kingdom
29.8%
Ranked 11th.
Social security > Contribution by employer 7.9%
Ranked 23th.
9.6%
Ranked 19th. 22% more than Iceland
Social security > Employees contribution 0.3%
Ranked 28th.
6.8%
Ranked 19th. 23 times more than Iceland

SOURCES: OECD Revenue Statistics

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