The Social Security Rate in Iceland stands at 10.35 percent. Social Security Rate in Iceland averaged 12.57 percent from 2000 until 2025, reaching an all time high of 16.65 percent in 2010 and a record low of 10.10 percent in 2021. source: Directorate of Internal Revenue

Social Security Rate in Iceland is expected to reach 10.35 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Social Security Rate is projected to trend around 10.35 percent in 2026, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 21.00 21.00 percent Dec 2025
Personal Income Tax Rate 46.28 46.28 percent Dec 2025
Social Security Rate 10.35 10.35 percent Dec 2025
Social Security Rate For Companies 6.35 6.35 percent Dec 2025
Social Security Rate For Employees 4.00 4.00 percent Dec 2025
Withholding Tax Rate 13.00 12.00 percent Dec 2024



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.
Actual Previous Highest Lowest Dates Unit Frequency
10.35 10.35 16.65 10.10 2000 - 2025 percent Yearly