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Good to know
About Iceland
Iceland offers abundant renewable energy at competitive prices, a highly educated English-speaking workforce, and a transparent Nordic business environment ideal for data centers and green industries.
View Complete InformationIceland Tax Brief
- General CIT Rate
- 20 (for LLCs and limited partnerships); 37.6 (for other entities)
- CIT Return Due Date
- 31 May
- CIT Payment Due Date
- November 1st and December 1st
- CIT Estimated Payment Due Date
- Except for January and October, prepayments should be made on the first day of each month.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 22/22/0
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 21/13/22
- General VAT Rate
- 24
- General Capital Gain Tax Rate
- 20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
- Composite Effective Average Tax Rate
- 18.79%
- Composite Effective Marginal Tax Rate
- 14.93%

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