Iceland—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #29 of 137
Latest Value
34.6%
2023
YoY Change
+5.2%
2022 → 2023
Global Rank
#29
of 137 countries
Maximum
34.6%
2023
Minimum
19.9%
2016
CAGR
+1.4%
24 years
Last
34.6%
Previous
32.9%
Highest
34.6%
Lowest
19.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 34.6% | +5.2% |
| 2022 | 32.9% | +5.8% |
| 2021 | 31.1% | -6.2% |
| 2020 | 33.1% | +6.3% |
| 2019 | 31.1% | +4.7% |
| 2018 | 29.7% | -2.8% |
| 2017 | 30.6% | +53.7% |
| 2016 | 19.9% | -28.9% |
| 2015 | 28.0% | +1.2% |
| 2014 | 27.6% | +9.5% |
| 2013 | 25.2% | +8.1% |
| 2012 | 23.3% | -1.9% |
| 2011 | 23.8% | -3.5% |
| 2010 | 24.7% | +4.9% |
| 2009 | 23.5% | -4.4% |
| 2008 | 24.6% | -9.0% |
| 2007 | 27.0% | +1.5% |
| 2006 | 26.6% | +3.4% |
| 2005 | 25.7% | -5.3% |
| 2004 | 27.2% | -0.6% |
| 2003 | 27.3% | +4.2% |
| 2002 | 26.2% | -1.1% |
| 2001 | 26.5% | +4.8% |
| 2000 | 25.3% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →