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