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Kyrgyzstan vs Iceland
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan
vs
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’

Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
10%
10% flat; political stability improved
No change
~36.94%
Stable; municipal rates adjusting slightly
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
12%
12% EAEU harmonized
No change
11โ€“24%
Standard 24% maintained; EEA rules apply
No change

Corporate Tax Rate

Corporate Tax Rate
10%
10% CIT; economic diversification from gold
No change
20%
20% stable
No change

Capital Gains Tax

Capital Gains Tax
10%
10% flat
No change
22%
22% capital income rate
No change

Social Security & Payroll

Social Security / Payroll
~27.25%
SFSS; pension adequacy reform
No change
~14.5%
Pension reform debate; high mandatory rates maintained
No change
State, Regional & Local Taxes

๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan โ€” Oblast & Municipal Taxes

Kyrgyzstan's 9 regions (oblastylar) and cities of Bishkek/Osh have limited independent taxing powers. Kyrgyzstan is a landlocked, mountainous country dependent on gold mining (Kumtor mine), remittances from Russia, and transit trade. The country experienced political instability (three revolutions since 2005). A unified tax code simplified the system. The patent tax system allows small informal traders to pay lump-sum taxes. EAEU membership since 2015 affects customs and VAT harmonization with Russia, Kazakhstan, Belarus, and Armenia.

๐Ÿ‡ฎ๐Ÿ‡ธ 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.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Kyrgyzstan vs Iceland: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฎ๐Ÿ‡ธ Iceland has a higher top income tax rate (10% vs ~36.94%). ๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Iceland has a higher consumption tax (12% vs 11โ€“24%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan offers a lower corporate rate (10% vs 20%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan taxes investment gains at a lower rate (10% vs 22%), benefiting investors.

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