Iceland vs Suriname
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฎ๐ธ Iceland โ Municipal Income Tax
Iceland's 69 municipalities set their own local income tax rates, ranging from ~12.44% to ~14.52%, averaging ~14.45%. This is added to the national income tax. The combined effective rate for most earners is about 36.94% (national + municipal). Iceland has no inheritance tax on direct heirs. Real estate transfer tax (stimpilgjald) is 0.8% on property transfers. Iceland is not an EU member but belongs to the EEA, affecting VAT and trade rules.
๐ธ๐ท Suriname โ District Administrations
Suriname's 10 districts have limited local taxing authority within national frameworks. The Surinaamse Belastingdienst administers national taxes. Suriname went through a severe debt crisis in 2020โ21 and defaulted on its sovereign debt; an IMF program is stabilizing the economy. Oil (Staatsolie) and gold mining are dominant revenue sources. A major TotalEnergies offshore oil discovery (Block 58) is advancing toward production. Suriname uses the Surinamese dollar (SRD); significant devaluation has affected the real tax burden.
Iceland vs Suriname: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ท Suriname has a higher top income tax rate (~36.94% vs 0โ38%). ๐ฎ๐ธ Iceland is more favourable for high earners.
๐ VAT/Sales Tax: Iceland has a higher consumption tax (11โ24% vs 10%).
๐ข Corporate Tax: ๐ฎ๐ธ Iceland offers a lower corporate rate (20% vs 36%), which can influence business location decisions.
๐ Capital Gains: ๐ฎ๐ธ Iceland taxes investment gains at a lower rate (22% vs 36%), benefiting investors.