Corporate Tax Comparison

Denmark vs Iceland

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

Time of Update — Denmark: 4/05/2026 · Iceland: 4/04/2026

Base Country/Region

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Compare Corporate Tax

Denmark

Iceland

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Denmark: 4/05/2026 · Iceland: 4/04/2026

Corporate Income Tax (CIT)

Denmark

Iceland

General CIT Rate:

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

CIT Return Due Date:

In general, six months after the end of the fiscal year.

CIT Return Due Date:

31 May

CIT Payment Due Date:

Income for the next fiscal year was received on November 20th.

CIT Payment Due Date:

November 1st and December 1st

CIT Estimated Payment Due Date:

Two equal installments were made on March 20 and November 20. Additionally, extra taxes can be paid before February 1 of the following year of the income 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)

Denmark

Iceland

Resident Withholding Tax (Dividend/Interest/Royalty):

0/27/22

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

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

27/27/22

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

21/13/22

Value-Added Tax (VAT)

Denmark

Iceland

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Denmark

Iceland

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate.

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Denmark

Iceland

Composite Effective Average Tax Rate:

20.36%

Composite Effective Average Tax Rate:

18.79%

Composite Effective Marginal Tax Rate:

14.22%

Composite Effective Marginal Tax Rate:

14.93%

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