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Social Security Rate for Companies and Employees in Iceland

Social Security Rate Data in Iceland

Indicator Data Period
Social Security Rate 10.1 % 2021
Social Security Rate For Companies 6.1 % 2021
Social Security Rate For Employees 4 % 2021


Latest data on Social Security Rate (%)

Social Security Rate
                     Iceland - Historical Data (%)

What is Social Security Rate in Iceland?

  • Social Security Rate in Iceland decreased to 10.1 % in 2021. The maximum rate was 16.65 % and minimum was 10.1 %.
  • Data published Yearly by Directorate of Internal Revenue.

Historical Data (%) by years

Data
Period
Date
10.1 2021 15.03.2021
10.84 2018 13.02.2018
11.35 2016 11.08.2017
11.49 2015 31.12.2015
13.59 2014 31.12.2014
13.69 2013 31.12.2013
13.79 2012 31.12.2012
16.65 2011 31.12.2011


Historical Chart by presidents (%)

Social Security Rate in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 11.3500 11.3500 11.3500 11.3500 0.00%


Latest data on Social Security Rate For Companies (%)

Social Security Rate For Companies
                     Iceland - Historical Data (%)

What is Social Security Rate For Companies in Iceland?

  • Social Security Rate in Iceland decreased to 6.1 % in 2021. The maximum rate was 8.65 % and minimum was 5.23 %.
  • Data published Yearly by Directorate of Internal Revenue.

Historical Data (%) by years

Data
Period
Date
6.1 2021 15.03.2021
6.35 2020 30.01.2020
6.6 2019 17.06.2019
6.84 2018 13.02.2018
7.35 2016 11.08.2017
7.49 2015 31.12.2015
7.59 2014 31.12.2014
7.69 2013 31.12.2013


Historical Chart by presidents (%)

Social Security Rate For Companies in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 7.3500 6.8400 7.3500 6.8400 -6.94%


Latest data on Social Security Rate For Employees (%)

Social Security Rate For Employees
                     Iceland - Historical Data (%)

What is employer Social Security rate in Iceland?

  • Corporate Tax Rate in Iceland remained unchanged at 4 % in 2021. The maximum rate was 8 % and minimum was 4 %.
  • Data published Yearly by Directorate of Internal Revenue.

Historical Data (%) by years

Data
Period
Date
4 2021 15.03.2021
4 2020 30.01.2020
4 2018 13.02.2018
4 2016 11.08.2017
4 2015 31.12.2015
6 2014 31.12.2014
6 2013 31.12.2013
6 2012 31.12.2012


Historical Chart by presidents (%)

Social Security Rate For Employees in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 4.0000 4.0000 4.0000 4.0000 0.00%

Other taxes in Iceland

Index Updated Actual Previous
Corporate Tax Rate 2021 20 % 20
Sales Tax Rate 2021 24 % 24
Social Security Rate 2021 10.1 % 10.35

Social Security Rate in other countries

Country Updated Actual Previous
Austria 2021 39.5 % 39.5
Ireland 2021 15.05 % 15.05
Luxembourg 2021 27.62 % 27.44
Spain 2020 36.25 % 36.25
Iceland 2021 10.1 % 10.35
Norway 2021 22.3 % 22.3
Belarus 2021 35 % 35
Belgium 2021 38.07 % 40.57
Bulgaria 2021 32.8 % 32.8
Croatia 2021 36.5 % 36.5
Cyprus 2021 16.6 % 16.6
Czech Republic 2021 44.8 % 44.8
Denmark 2021 0 % 0
Estonia 2021 37.4 % 37.4
Finland 2021 31.55 % 32.52
France 2021 68 % 68
Germany 2021 40.21 % 40.01
Greece 2021 36.66 % 40.56
Hungary 2021 35.5 % 35.5
Italy 2021 39.49 % 39.49
Latvia 2021 34.09 % 35.09
Lithuania 2021 21.27 % 21.27
Malta 2021 20 % 20
Moldova 2021 33 % 33
Montenegro 2021 32.3 % 32.3
Netherlands 2021 51.24 % 50.84
Poland 2021 35.85 % 35.85
Portugal 2021 34.75 % 34.75
Romania 2021 37.25 % 37.25
Russia 2021 30 % 30
Serbia 2021 36.55 % 36.55
Slovakia 2021 48.6 % 48.6
Slovenia 2021 38.2 % 38.2
Sweden 2021 38.42 % 38.42
Switzerland 2021 12.8 % 12
Turkey 2021 37.5 % 37.5
Ukraine 2019 22 % 22
United Kingdom 2021 27.8 % 27.8
Albania 2021 24.5 % 24.5
Bosnia and Herzegovina 2021 41.5 % 41.5
Kosovo 2020 10 % 10