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Slovenia vs Iceland
Tax Rate Comparison

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

๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia
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
16โ€“50%
50% top; reform politically difficult
No change
~36.94%
Stable; municipal rates adjusting slightly
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5โ€“22%
Standard 22% maintained
No change
11โ€“24%
Standard 24% maintained; EEA rules apply
No change
Corporate Tax Rate
Corporate Tax Rate
19%
19% stable; Pillar Two compliance
No change
20%
20% stable
No change
Capital Gains Tax
Capital Gains Tax
0โ€“25%
25% to 0% tapering over 20yr holding
No change
22%
22% capital income rate
No change
Social Security & Payroll
Social Security / Payroll
~38%
Pension sustainability reform ongoing
No change
~14.5%
Pension reform debate; high mandatory rates maintained
No change
State, Regional & Local Taxes

๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia โ€” Municipal Taxes

Slovenia's 212 municipalities levy property tax (nadomestilo za uporabo stavbnega zemljiลกฤa โ€” NUSZ) on building land and property at rates they set independently within national limits. There are no separate municipal income taxes. Municipalities also collect communal contributions for infrastructure. Ljubljana and other larger cities apply higher coefficients. A new real property tax law has been under development for years to replace the NUSZ system. Vehicle tax is national.

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.

Slovenia vs Iceland: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia has a higher top income tax rate (16โ€“50% vs ~36.94%). ๐Ÿ‡ฎ๐Ÿ‡ธ Iceland is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Iceland has a higher consumption tax (5โ€“22% vs 11โ€“24%).

๐Ÿข Corporate Tax: ๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia offers a lower corporate rate (19% vs 20%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฎ๐Ÿ‡ธ Iceland taxes investment gains at a lower rate (22% vs 25%), benefiting investors.

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