WorldTax Compareโ† All Comparisons

Iceland vs Namibia
Tax Rate Comparison

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

๐Ÿ‡ฎ๐Ÿ‡ธ Iceland
vs
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia
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
~36.94%
Stable; municipal rates adjusting slightly
No change
0โ€“37%
37% top; oil revenues expected from 2026+
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
11โ€“24%
Standard 24% maintained; EEA rules apply
No change
15%
15% stable
No change
Corporate Tax Rate
Corporate Tax Rate
20%
20% stable
No change
32%
32%; petroleum fiscal regime evolving for new fields
No change
Capital Gains Tax
Capital Gains Tax
22%
22% capital income rate
No change
0%
CGT reform discussions ongoing
No change
Social Security & Payroll
Social Security / Payroll
~14.5%
Pension reform debate; high mandatory rates maintained
No change
~9%
SSC; pension fund development
No change
State, Regional & Local Taxes

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.

๐Ÿ‡ณ๐Ÿ‡ฆ Namibia โ€” Regional Councils & Local Authorities

Namibia's 14 regional councils and local authority councils levy property rates, business licences, and local fees. The Namibia Revenue Agency (NamRA) administers national taxes. Namibia is a significant mining economy โ€” diamonds (Namdeb/De Beers), uranium (one of world's largest producers), copper. A major TotalEnergies Orange Basin offshore oil discovery is advancing toward production. Non-resident shareholders' tax (NRST) at 10%โ€“20% applies on dividends. Namibia has one of Africa's more functional tax administrations.

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.

Iceland vs Namibia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Iceland and Namibia have similar top income tax rates (~36.94% vs 0โ€“37%).

๐Ÿ›’ VAT/Sales Tax: Iceland has a higher consumption tax (11โ€“24% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฎ๐Ÿ‡ธ Iceland offers a lower corporate rate (20% vs 32%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ณ๐Ÿ‡ฆ Namibia taxes investment gains at a lower rate (0% vs 22%), benefiting investors.

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