Country tax profile · 2026
Iceland corporate tax
How Iceland taxes corporate
The standard corporate profits tax in Iceland is 20%. 20% for limited companies and limited partnerships; 37.6% for partnerships and other unincorporated entities.
Compiled by MyNomadWorld for Iceland and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Iceland's corporate tax compares
Iceland's corporate tax of 20% is the 105th highest of the 180 countries we track, against a global average of 21.2% and a Europe average of 17%.
Countries with a similar corporate tax
Belarus (20%) · Libya (20%) · Madagascar (20%) · Thailand (20%) · Vietnam (20%) · Morocco (20%)
Who is a tax resident of Iceland?
More than 183 days in any 12 month period from arrival, or a home in Iceland. A 3 year tail of liability applies after leaving, unless you can show you are taxed in another country.
Related Iceland taxes
Moving to Iceland?
Get matched with a vetted Iceland tax & immigration advisor who handles residency and the exit from your current country.
See advisors →Iceland corporate tax FAQ
What is the corporate tax rate in Iceland?
The standard corporate profits tax in Iceland is 20%. 20% for limited companies and limited partnerships; 37.6% for partnerships and other unincorporated entities.