Iceland - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Iceland was 288,811,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 288,811,000,000 in 2019 and a minimum value of 33,500,000 in 1972.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 33,500,000 |
| 1973 | 49,000,000 |
| 1974 | 50,800,000 |
| 1975 | 52,000,000 |
| 1976 | 71,500,000 |
| 1977 | 85,200,000 |
| 1978 | 168,400,000 |
| 1979 | 323,600,000 |
| 1980 | 438,300,000 |
| 1981 | 700,700,000 |
| 1982 | 1,190,400,000 |
| 1983 | 1,830,200,000 |
| 1984 | 2,174,400,000 |
| 1985 | 2,311,400,000 |
| 1986 | 4,135,600,000 |
| 1987 | 4,666,300,000 |
| 1988 | 8,414,900,000 |
| 1989 | 15,274,000,000 |
| 1990 | 20,946,700,000 |
| 1991 | 23,621,800,000 |
| 1992 | 24,619,200,000 |
| 1993 | 24,641,200,000 |
| 1994 | 27,617,300,000 |
| 1995 | 29,941,500,000 |
| 1996 | 35,034,100,000 |
| 1997 | 32,744,800,000 |
| 1998 | 41,398,800,000 |
| 1999 | 51,799,600,000 |
| 2000 | 57,652,400,000 |
| 2001 | 64,153,620,000 |
| 2002 | 66,518,490,000 |
| 2003 | 73,427,730,000 |
| 2004 | 83,548,090,000 |
| 2005 | 105,705,000,000 |
| 2006 | 128,105,000,000 |
| 2007 | 143,376,000,000 |
| 2008 | 157,515,000,000 |
| 2009 | 132,273,000,000 |
| 2010 | 132,867,000,000 |
| 2011 | 140,239,000,000 |
| 2012 | 148,125,000,000 |
| 2013 | 168,441,000,000 |
| 2014 | 204,260,000,000 |
| 2015 | 210,536,000,000 |
| 2016 | 240,827,000,000 |
| 2017 | 274,572,000,000 |
| 2018 | 280,954,000,000 |
| 2019 | 288,811,000,000 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Iceland was 31.14 as of 2019. Its highest value over the past 47 years was 31.14 in 2019, while its lowest value was 7.40 in 1985.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 17.31 |
| 1973 | 17.16 |
| 1974 | 12.23 |
| 1975 | 8.98 |
| 1976 | 9.38 |
| 1977 | 7.98 |
| 1978 | 9.81 |
| 1979 | 12.32 |
| 1980 | 10.72 |
| 1981 | 10.58 |
| 1982 | 11.06 |
| 1983 | 10.46 |
| 1984 | 9.20 |
| 1985 | 7.40 |
| 1986 | 9.92 |
| 1987 | 8.47 |
| 1988 | 11.56 |
| 1989 | 16.19 |
| 1990 | 19.53 |
| 1991 | 20.26 |
| 1992 | 20.22 |
| 1993 | 20.18 |
| 1994 | 21.34 |
| 1995 | 22.17 |
| 1996 | 23.36 |
| 1997 | 21.27 |
| 1998 | 22.33 |
| 1999 | 24.20 |
| 2000 | 25.30 |
| 2001 | 26.53 |
| 2002 | 26.24 |
| 2003 | 27.33 |
| 2004 | 27.16 |
| 2005 | 25.73 |
| 2006 | 26.61 |
| 2007 | 27.01 |
| 2008 | 24.57 |
| 2009 | 23.50 |
| 2010 | 24.65 |
| 2011 | 23.79 |
| 2012 | 23.34 |
| 2013 | 25.23 |
| 2014 | 27.64 |
| 2015 | 27.97 |
| 2016 | 19.90 |
| 2017 | 30.58 |
| 2018 | 29.74 |
| 2019 | 31.14 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Iceland was 43.52 as of 2019. Its highest value over the past 47 years was 43.52 in 2019, while its lowest value was 9.28 in 1985.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 19.81 |
| 1973 | 20.59 |
| 1974 | 14.11 |
| 1975 | 10.51 |
| 1976 | 10.80 |
| 1977 | 9.35 |
| 1978 | 11.69 |
| 1979 | 14.69 |
| 1980 | 12.74 |
| 1981 | 12.31 |
| 1982 | 13.10 |
| 1983 | 12.95 |
| 1984 | 11.44 |
| 1985 | 9.28 |
| 1986 | 12.42 |
| 1987 | 10.56 |
| 1988 | 14.36 |
| 1989 | 20.14 |
| 1990 | 23.63 |
| 1991 | 25.35 |
| 1992 | 26.09 |
| 1993 | 26.04 |
| 1994 | 27.77 |
| 1995 | 28.86 |
| 1996 | 30.26 |
| 1997 | 27.74 |
| 1998 | 28.64 |
| 1999 | 30.83 |
| 2000 | 32.36 |
| 2001 | 35.13 |
| 2002 | 34.47 |
| 2003 | 35.37 |
| 2004 | 34.76 |
| 2005 | 36.56 |
| 2006 | 38.86 |
| 2007 | 39.82 |
| 2008 | 43.46 |
| 2009 | 40.80 |
| 2010 | 39.08 |
| 2011 | 38.60 |
| 2012 | 37.33 |
| 2013 | 39.48 |
| 2014 | 39.97 |
| 2015 | 40.15 |
| 2016 | 25.49 |
| 2017 | 43.44 |
| 2018 | 42.99 |
| 2019 | 43.52 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
