Iceland vs South Africa
Corporate Tax Comparison
Time of Update: Iceland: 4/04/2026 / South Africa: 4/06/2026
Compare Iceland and South Africa corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Iceland vs South Africa Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Iceland
South Africa
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
General CIT Rate:
27%
CIT Return Due Date:
31 May
CIT Return Due Date:
Within 12 months from the end of the tax year
CIT Payment Due Date:
November 1st and December 1st
CIT Payment Due Date:
Within 6 months after the company's tax year-end
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:
Twice a year: first payment within 6 months of year-start, second before year-end
Withholding Tax (WHT)
Iceland
South Africa
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
Resident Withholding Tax (Dividend/Interest/Royalty):
20/0/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
None-Resident Withholding Tax (Dividend/Interest/Royalty):
20/15/15
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Iceland
South Africa
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
General Capital Gain Tax Rate:
Corporations 21.6% effective; individuals 18% effective
Effective Tax Rate (ETR)
Iceland
South Africa
Composite Effective Average Tax Rate:
18.79%
Composite Effective Average Tax Rate:
24.37%
Composite Effective Marginal Tax Rate:
14.93%
Composite Effective Marginal Tax Rate:
12.99%
