Guatemala vs Iceland
Corporate Tax Comparison
Time of Update: Guatemala: 4/06/2026 / Iceland: 4/04/2026
Compare Guatemala and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Guatemala vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Guatemala
Iceland
General CIT Rate:
System on earnings: 25% on net income;
Simplified optional system: 7% on gross income
Simplified optional system: 7% on gross income
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
March 31
CIT Return Due Date:
31 May
CIT Payment Due Date:
March 31
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
System on earnings: Quarterly instalments;
Simplified optional system: Monthly, within the first ten working days of the month.
Simplified optional system: Monthly, within the first ten working days of the month.
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Guatemala
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
5/0/0
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5/10/15
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Guatemala
Iceland
General Capital Gain Tax Rate:
10%
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Guatemala
Iceland
Composite Effective Average Tax Rate:
22.75%
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
13.33%
Composite Effective Marginal Tax Rate:
14.93%
