{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-income-tax-rate","url":"https://apiardata.com/statistics/is-income-tax-rate","html_url":"https://apiardata.com/statistics/is-income-tax-rate/","title":"Iceland Income Tax and Social Contributions (2025)","description":"Iceland's Income Tax and Social Contributions: 27.2 % of gross earnings (tax + employee contributions) in 2025, unchanged YoY.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","OECD","Iceland","2025"],"publisher":"OECD","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"% of gross earnings (tax + employee contributions)","last_updated":"2026-07-26","last_updated_text":"26 July 2026","data_as_of":"2025","variable_measured":"Iceland Income Tax and Social Contributions","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"OECD","url":"https://www.oecd.org/en/data/datasets/tax-database.html"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"26 July 2026"}],"kpis":[{"label":"Iceland (2025)","value":"27.2","unit":"% of gross earnings (tax + employee contributions)","trend":{"direction":"neutral","value":"unchanged YoY"}},{"label":"YoY Change","value":"unchanged","unit":"percentage points"},{"label":"Trend","value":"neutral","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Income Tax and Social Contributions"}],"observation_count":26,"observations":[{"period":"2000","value":25.438707},{"period":"2001","value":25.641928},{"period":"2002","value":27.247001},{"period":"2003","value":27.593595},{"period":"2004","value":28.030967},{"period":"2005","value":28.158699},{"period":"2006","value":27.809316},{"period":"2007","value":26.83066},{"period":"2008","value":27.248707},{"period":"2009","value":26.238675},{"period":"2010","value":27.5988},{"period":"2011","value":28.378515},{"period":"2012","value":28.672475},{"period":"2013","value":29.053343},{"period":"2014","value":28.912259},{"period":"2015","value":29.354414},{"period":"2016","value":29.043671},{"period":"2017","value":28.312412},{"period":"2018","value":28.371204},{"period":"2019","value":28.303713},{"period":"2020","value":28.218916},{"period":"2021","value":27.81911},{"period":"2022","value":27.787508},{"period":"2023","value":27.509352},{"period":"2024","value":27.216177},{"period":"2025","value":27.165245}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of gross earnings (tax + employee contributions)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"27.2","yoyChange":"unchanged"},{"year":"2024","value":"27.2","yoyChange":"-0.3pp"},{"year":"2023","value":"27.5","yoyChange":"-0.3pp"},{"year":"2022","value":"27.8","yoyChange":"unchanged"},{"year":"2021","value":"27.8","yoyChange":"-0.4pp"},{"year":"2020","value":"28.2","yoyChange":"-0.1pp"},{"year":"2019","value":"28.3","yoyChange":"-0.1pp"},{"year":"2018","value":"28.4","yoyChange":"+0.1pp"},{"year":"2017","value":"28.3","yoyChange":"-0.7pp"},{"year":"2016","value":"29.0","yoyChange":"-0.4pp"},{"year":"2015","value":"29.4","yoyChange":"+0.5pp"},{"year":"2014","value":"28.9","yoyChange":"-0.2pp"},{"year":"2013","value":"29.1","yoyChange":"+0.4pp"},{"year":"2012","value":"28.7","yoyChange":"+0.3pp"},{"year":"2011","value":"28.4","yoyChange":"+0.8pp"},{"year":"2010","value":"27.6","yoyChange":"+1.4pp"},{"year":"2009","value":"26.2","yoyChange":"-1.0pp"},{"year":"2008","value":"27.2","yoyChange":"+0.4pp"},{"year":"2007","value":"26.8","yoyChange":"-1.0pp"},{"year":"2006","value":"27.8","yoyChange":"-0.3pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the combined personal income tax and employee social security contribution rate in Iceland for a single person with no children earning 100% of the average wage — the OECD's standard comparison case. This is NOT income tax alone: employee social contributions are included, so the figure is materially higher than a headline income tax rate. Household type matters too — a one-earner couple with two children faces a different rate in most countries. It is published by OECD and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 29.4 % of gross earnings (tax + employee contributions) in 2015 and reached its lowest recorded value of 25.4 in 2000. The latest reading of 27.2 in 2025 is unchanged on the previous period."}]}