Singapore vs Iceland
Corporate Tax Comparison
Time of Update: Singapore: 4/04/2026 / Iceland: 4/04/2026
Compare Singapore and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Singapore vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Singapore
Iceland
General CIT Rate:
17
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
November 30
CIT Return Due Date:
31 May
CIT Payment Due Date:
Tax assessment notice shall be delivered within one month.
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan.
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Singapore
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/15/10
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Singapore
Iceland
General Capital Gain Tax Rate:
N/A
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Singapore
Iceland
Composite Effective Average Tax Rate:
16.09%
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
13.15%
Composite Effective Marginal Tax Rate:
14.93%
