Corporate Tax Comparison

Iceland vs Ukraine

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

Time of Update — Iceland: 4/04/2026 · Ukraine: 4/06/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Iceland

Ukraine

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Iceland: 4/04/2026 · Ukraine: 4/06/2026

Corporate Income Tax (CIT)

Iceland

Ukraine

General CIT Rate:

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

General CIT Rate:

18%

CIT Return Due Date:

31 May

CIT Return Due Date:

The quarterly tax return should be due within 40 calendar days after the last day of the reporting quarter, but the deadline for submitting the fourth quarter CIT return (based on the quarterly reporting period) is 60 calendar days after the end of the reporting year. The annual tax return (based on the annual reporting period) should be due within 60 calendar days after the last day of the reporting year.

CIT Payment Due Date:

November 1st and December 1st

CIT Payment Due Date:

According to the assessment based on the tax return, the payable taxes should be paid within ten calendar days after the deadline for submitting the relevant tax return.

CIT Estimated Payment Due Date:

Except for January and October, prepayments should be made on the first day of each month.

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

Iceland

Ukraine

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

Resident Withholding Tax (Dividend/Interest/Royalty):

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

21/13/22

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

15/15/15

Value-Added Tax (VAT)

Iceland

Ukraine

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Iceland

Ukraine

General Capital Gain Tax Rate:

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

General Capital Gain Tax Rate:

Capital gains are subject to the standard corporate income tax rate of 18%.

Effective Tax Rate (ETR)

Iceland

Ukraine

Composite Effective Average Tax Rate:

18.79%

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

14.93%

Composite Effective Marginal Tax Rate:

A Full-Service Consulting Firm Backs You Up

TKEG Expat is your trusted overseas business partner. We are the retail consulting department of THE KEITH &EVEN GROUP, a Hong Kong-based global consulting agency with access to 50 markets, covering approximately 72 percent of global GDP.
With its strategic advantages, we can connect customers to opportunities worldwide and serve them in 21 industries.

Learn More About THE KEITH & EVEN GROUP >

A Full-Service Consulting Firm Backs You Up

Corporate Clients

Do You Represent A Big Corporation Or Already Have 10 Million USD In Revenue?

If you represent a big corporation, or if your company already has more than $10 million USD in revenue, you may be interested in the enterprise solutions provided by THE KEITH &EVEN GROUP.

Enterprise Solutions >