Name: Iceland Social Security Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Iceland,Social Security Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Social Security Rate in Iceland decreased to 10.10 percent in 2021 from 10.35 percent in 2020. source: Directorate of Internal Revenue

Social Security Rate in Iceland averaged 12.98 percent from 2000 until 2021, reaching an all time high of 16.65 percent in 2010 and a record low of 10.10 percent in 2021. This page provides - Iceland Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Social Security Rate - values, historical data and charts - was last updated on May of 2022.

Social Security Rate in Iceland is expected to reach 10.10 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Social Security Rate is projected to trend around 10.10 percent in 2022, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Personal Income Tax Rate	46.25	46.24	percent	Dec 2021
Corporate Tax Rate	20.00	20.00	percent	Dec 2021
Social Security Rate	10.10	10.35	percent	Dec 2021
Social Security Rate For Companies	6.10	6.35	percent	Dec 2021
Social Security Rate For Employees	4.00	4.00	percent	Dec 2021

Iceland Social Security Rate

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 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.