Bulgaria vs Iceland
Corporate Tax Comparison
Time of Update: Bulgaria: 4/01/2026 / Iceland: 4/04/2026
Compare Bulgaria and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Bulgaria vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Bulgaria
Iceland
General CIT Rate:
10
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
March 1st to June 30th of the following year
CIT Return Due Date:
31 May
CIT Payment Due Date:
June 30th of the following year
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
Monthly or quarterly installment payments.
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Bulgaria
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
0 / 10 / 10
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5/10/10
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Bulgaria
Iceland
General Capital Gain Tax Rate:
Capital gains are generally subject to tax at the standard corporate income tax rate (10%); however, capital gains from listed securities traded on regulated markets in the EU/EEA and on equivalent qualifying markets are generally exempt.
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Bulgaria
Iceland
Composite Effective Average Tax Rate:
9.2%
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
10%
Composite Effective Marginal Tax Rate:
14.93%
