Iceland #39
Regions (1)
Country Treasury
Tax Rates
How Taxes Work
VAT (Sales Tax)
When companies sell products to the country market, 5.00% of the sale proceeds go to the treasury. This applies to all goods regardless of origin.
Import Tax
Foreign companies selling to this market pay an additional 10.00% import tax. Companies can purchase an export license (20 Gold) to bypass this tax.
Work Tax
Workers pay 10.00% tax on wages earned from employment. The tax is automatically deducted from wages and goes to the treasury.
All tax revenue flows directly to the country treasury and can be used by the government for country development, military expenses, and public services. Tax rates can be changed through laws proposed by the Minister of Finance and approved by Congress.
Active Wars
Iceland is at Peace
No active military conflicts
Military Statistics
Battle Breakdown
Recent Battles
Country President
No current president
Congress (0)
No active congress
Government Cabinet
Minister of Foreign Affairs
Position vacant
Minister of Defence
Position vacant
Minister of Finance
Position vacant
Active Elections
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Nominations OpenParty presidents can nominate one candidate from their party.
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Congressional Election View Details
Applications OpenParty members can apply to run. Applications must be approved by party president.
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