Iceland Corporate Tax Calculator 2026
Calculate Corporate Income Tax (CIT) in Iceland. Flat rate of 20% on taxable profits with no reduced rates for specific sectors.
Iceland Tax System
Corporate Income Tax (CIT) in Iceland is a flat 20% on all taxable profits. Unlike many other countries, Iceland does not offer reduced CIT rates for specific industries or company sizes. The tax applies to both resident companies (on worldwide income) and non-resident companies (on Iceland-source income). Capital gains are generally taxed at the standard CIT rate.
2026 Rates: CIT 20% flat — no reduced rates.
Iceland Corporate Tax Calculator 2026 — CIT
Calculate corporate income tax in Iceland 2026. Flat CIT rate of 20%.
Taxable ProfitISK 20,000,000
CIT Rate (20%)ISK 4,000,000
Profit After TaxISK 16,000,000