Corporate Tax Comparison

Chinese Mainland vs Iceland

Compare Chinese Mainland 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 — Chinese Mainland: 4/04/2026 · Iceland: 4/04/2026

Base Country/Region

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Compare Corporate Tax

Chinese Mainland

Iceland

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Chinese Mainland: 4/04/2026 · Iceland: 4/04/2026

Corporate Income Tax (CIT)

Chinese Mainland

Iceland

General CIT Rate:

25%

General CIT Rate:

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

CIT Return Due Date:

For annual CIT declaration, it should be submitted within five months after the end of the tax year. For monthly or quarterly temporary CIT declaration, it should be submitted within 15 days after the end of each month/quarter.

CIT Return Due Date:

31 May

CIT Payment Due Date:

Within five months after the end of the tax year.

CIT Payment Due Date:

November 1st and December 1st

CIT Estimated Payment Due Date:

Quarterly or monthly installment payments should be made within 15 days after the end of each month/quarter.

CIT Estimated Payment Due Date:

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

Withholding Tax (WHT)

Chinese Mainland

Iceland

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

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

10/10/10

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

21/13/22

Value-Added Tax (VAT)

Chinese Mainland

Iceland

General VAT Rate:

13%

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Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Chinese Mainland

Iceland

General Capital Gain Tax Rate:

Capital gains are subject to 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)

Chinese Mainland

Iceland

Composite Effective Average Tax Rate:

23.00

Composite Effective Average Tax Rate:

18.79%

Composite Effective Marginal Tax Rate:

15.59

Composite Effective Marginal Tax Rate:

14.93%

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