Corporate Tax Comparison

Gibraltar vs Iceland

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

Published — Gibraltar: 5/22/2024 · Iceland: 2/14/2024 · Time of Update — Gibraltar: 4/05/2026 · Iceland: 4/03/2026

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Compare Corporate Tax

Gibraltar

Iceland

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Gibraltar: 5/22/2024 · Iceland: 2/14/2024 · Time of Update — Gibraltar: 4/05/2026 · Iceland: 4/03/2026

Corporate Income Tax (CIT)

Gibraltar

Iceland

General CIT Rate:

15% from 1 July 2024 (previously 12.5%). Utility and energy providers and corporations abusing a dominant position: 20%.

General CIT Rate:

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

CIT Return Due Date:

CIT returns are due nine months after the date of the company's financial year end.

CIT Return Due Date:

31 May

CIT Payment Due Date:

The final balance (being the actual tax liability less any payments made on account) is due by the date of filing the return (i.e. nine months after the date of the company's financial year end).

CIT Payment Due Date:

November 1st and December 1st

CIT Estimated Payment Due Date:

Companies are required to make payments on account of future liabilities by 28 February and 30 September in each calendar year.

CIT Estimated Payment Due Date:

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

Withholding Tax (WHT)

Gibraltar

Iceland

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

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

21/13/22

Value-Added Tax (VAT)

Gibraltar

Iceland

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Gibraltar

Iceland

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Gibraltar

Iceland

Composite Effective Average Tax Rate:

18.79%

Composite Effective Marginal Tax Rate:

14.93%

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