Iceland: Income, profits, and capital gains taxes: percent of revenue: For that indicator, The World Bank provides data for Iceland from 1972 to 2015. The average value for Iceland during that period was 19.9 percent with a minumum of 7.4 percent in 1985 and a maximum of 32.83 percent in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.