The Social Security Rate For Employees in Iceland stands at 4 percent. source: Directorate of Internal Revenue

Social Security Rate For Employees in Iceland averaged 6.57 percent from 2000 until 2020, reaching an all time high of 8 percent in 2001 and a record low of 4 percent in 2015. This page provides - Iceland Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Social Security Rate For Employees - values, historical data and charts - was last updated on December of 2020.

Social Security Rate For Employees in Iceland is expected to reach 4.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Social Security Rate For Employees is projected to trend around 4.00 percent in 2021, according to our econometric models.

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Iceland Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 8.00 4.00 2000 - 2020 percent Yearly

Iceland Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 33.00 15.00 percent [+]
Personal Income Tax Rate 46.24 46.24 46.90 35.70 percent [+]
Sales Tax Rate 24.00 24.00 25.50 24.00 percent [+]
Social Security Rate 10.84 10.84 16.65 10.84 percent [+]
Social Security Rate For Companies 6.35 6.60 8.65 5.23 percent [+]
Social Security Rate For Employees 4.00 4.00 8.00 4.00 percent [+]


Iceland Social Security Rate For Employees
In Iceland, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of Iceland because they help to pay for many social programs including welfare, health care and many other benefits.