Corporate Tax Comparison

Czech Republic vs Iceland

Compare Czech Republic and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Czech Republic: 2/14/2024 · Iceland: 2/14/2024 · Time of Update — Czech Republic: 10/02/2026 · Iceland: 4/03/2026

Base Country/Region

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Compare Corporate Tax

Czech Republic

Iceland

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Czech Republic: 2/14/2024 · Iceland: 2/14/2024 · Time of Update — Czech Republic: 10/02/2026 · Iceland: 4/03/2026

Corporate Income Tax (CIT)

Czech Republic

Iceland

General CIT Rate:

The tax year starting in 2024 is 21 (previously 19).

General CIT Rate:

20 (for LLCs and limited partnerships); 37.6 (for other entities)

CIT Return Due Date:

Within three months after the end of the tax filing period (or four months if submitted electronically), or six months for entities that have been audited or for entities whose tax returns are submitted by registered advisors.

CIT Return Due Date:

31 May

CIT Payment Due Date:

November 1st and December 1st

CIT Estimated Payment Due Date:

Prepaid taxes are paid every half year or quarter.

CIT Estimated Payment Due Date:

Except for January and October, prepayments should be made on the first day of each month.

Withholding Tax (WHT)

Czech Republic

Iceland

Resident Withholding Tax (Dividend/Interest/Royalty):

15/0/0

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

15-35/15-35/15-35

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

21/13/22

Value-Added Tax (VAT)

Czech Republic

Iceland

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Czech Republic

Iceland

General Capital Gain Tax Rate:

Capital gains are subject to the normal corporate income tax rate constraints.

General Capital Gain Tax Rate:

20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)

Effective Tax Rate (ETR)

Czech Republic

Iceland

Composite Effective Average Tax Rate:

20.31%

Composite Effective Average Tax Rate:

18.79%

Composite Effective Marginal Tax Rate:

20.73%

Composite Effective Marginal Tax Rate:

14.93%

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