Moldova vs Iceland
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.
๐ฒ๐ฉ Moldova โ Rayon & Municipal Taxes
Moldova's 32 rayons (districts) and 5 municipalities (including Chiศinฤu) levy local taxes on property, parking, advertising, and commercial activities within national frameworks. The State Tax Service administers national taxes. Moldova signed an EU Association Agreement (DCFTA) and received EU candidate status in 2022; tax harmonization with EU standards is accelerating. Remittances (~15% of GDP) and agriculture are key economic pillars. The Transnistria breakaway region has its own separate tax system.
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.
Moldova vs Iceland: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฎ๐ธ Iceland has a higher top income tax rate (12% vs ~36.94%). ๐ฒ๐ฉ Moldova is more favourable for high earners.
๐ VAT/Sales Tax: Iceland has a higher consumption tax (8โ20% vs 11โ24%).
๐ข Corporate Tax: ๐ฒ๐ฉ Moldova offers a lower corporate rate (12% vs 20%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐ฉ Moldova taxes investment gains at a lower rate (12% vs 22%), benefiting investors.