Corporate Tax Comparison

Egypt vs Iceland

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

Published — Egypt: 2/14/2024 · Iceland: 2/14/2024 · Time of Update — Egypt: 10/07/2026 · Iceland: 4/03/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Egypt

Iceland

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Egypt: 2/14/2024 · Iceland: 2/14/2024 · Time of Update — Egypt: 10/07/2026 · Iceland: 4/03/2026

Corporate Income Tax (CIT)

Egypt

Iceland

General CIT Rate:

22.5

General CIT Rate:

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

CIT Return Due Date:

Within four months after the end of the fiscal year.

CIT Return Due Date:

31 May

CIT Payment Due Date:

Within four months after the end of the fiscal year.

CIT Payment Due Date:

November 1st and December 1st

CIT Estimated Payment Due Date:

Egyptian taxpayers have the option to use the prepayment method. This means that they can pay 60% of the previous year's declared tax (or the estimated amount for the current year) to the Egyptian Tax Authority in three installments. If they choose to do so, they do not have to comply with the local income withholding tax rules (their income will not be subjected to local withholding tax).

CIT Estimated Payment Due Date:

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

Withholding Tax (WHT)

Egypt

Iceland

Resident Withholding Tax (Dividend/Interest/Royalty):

5-10/0/0

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

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

5-10/20/20

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

21/13/22

Value-Added Tax (VAT)

Egypt

Iceland

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Egypt

Iceland

General Capital Gain Tax Rate:

0 or 22.5

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Egypt

Iceland

Composite Effective Average Tax Rate:

20.81%

Composite Effective Average Tax Rate:

18.79%

Composite Effective Marginal Tax Rate:

14.44%

Composite Effective Marginal Tax Rate:

14.93%

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