Country Profile: Iceland

Tax to GDP ratio: 35.9%

Aviation: No information available

Financial Transactions Tax (FTT): No information available

Oil & Gas Revenues: No information available

Carbon Pricing: Yes – carbon pricing instrument in place

  • Instruments: National Carbon tax
  • Emissions covered: 0.36%
  • Price: ISK5,098 (US$36.51)*
  • Revenue: ISK7,590 million (US$56 million)
  • Sectors covered: Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Buildings, Agriculture, forestry and fishing fuel use
  • Offsetting: Not permitted

Source

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