Thailand vs Iceland
Corporate Tax Comparison
Time of Update: Thailand: 4/04/2026 / Iceland: 4/04/2026
Compare Thailand and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Thailand vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Thailand
Iceland
General CIT Rate:
20%
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
settled within the same 150-day period
CIT Return Due Date:
31 May
CIT Payment Due Date:
settled within the same 150-day period
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
due two months after the close of the first six months of the company's accounting period
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Thailand
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
0/10/3
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
10/15/15
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Thailand
Iceland
General Capital Gain Tax Rate:
Capital gains are subject to the normal CIT rate.
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Thailand
Iceland
Composite Effective Average Tax Rate:
19.61%
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
21.74%
Composite Effective Marginal Tax Rate:
14.93%
