Corporate Tax Comparison

Iceland vs Marshall Islands

Compare Iceland and Marshall Islands 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 · Marshall Islands: 4/06/2026

Base Country/Region

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Compare Corporate Tax

Iceland

Marshall Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

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

Corporate Income Tax (CIT)

Iceland

Marshall Islands

General CIT Rate:

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

General CIT Rate:

Within 10,000 US dollars, a corporate income tax of 80 US dollars is collected. Any excess amount is subject to a 3% tax. However, Non-resident companies not conducting business within the Marshall Islands are exempt from corporate income tax. This makes the jurisdiction attractive for offshore business activities as they do not have to pay taxes on income earned outside the Marshall Islands. https://internationalwealth.info/en/offshore-taxes/everything-you-need-to-know-about-the-tax-system-in-the-marshall-islands/

CIT Return Due Date:

31 May

CIT Return Due Date:

N/A for non resident companies

CIT Payment Due Date:

November 1st and December 1st

CIT Payment Due Date:

N/A for non resident companies

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:

N/A for non resident companies

Withholding Tax (WHT)

Iceland

Marshall Islands

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):

Value-Added Tax (VAT)

Iceland

Marshall Islands

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Iceland

Marshall Islands

General Capital Gain Tax Rate:

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

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Iceland

Marshall Islands

Composite Effective Average Tax Rate:

18.79%

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

14.93%

Composite Effective Marginal Tax Rate:

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