Spain vs Iceland
Corporate Tax Comparison
Time of Update: Spain: 4/02/2026 / Iceland: 4/04/2026
Compare Spain and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Spain vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Spain
Iceland
General CIT Rate:
25
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
Within 25 calendar days after the end of the tax year.
CIT Return Due Date:
31 May
CIT Payment Due Date:
Within 25 calendar days after the end of the tax year.
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
You must pre-pay three annual tax payments within the first 20 calendar days of April, October, and December.
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Spain
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
19/19/（19/24）
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
19/19/（19/24）
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Spain
Iceland
General Capital Gain Tax Rate:
Capital gains are subject to the normal corporate income tax rate constraint.
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Spain
Iceland
Composite Effective Average Tax Rate:
23.30
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
18.17
Composite Effective Marginal Tax Rate:
14.93%
