Corporate Tax Comparison

Iceland vs Vietnam

Compare Iceland and Vietnam 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 · Vietnam: 4/05/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Iceland

Vietnam

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Iceland: 4/04/2026 · Vietnam: 4/05/2026

Corporate Income Tax (CIT)

Iceland

Vietnam

General CIT Rate:

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

General CIT Rate:

CIT Return Due Date:

31 May

CIT Return Due Date:

For CIT finalisation, the due date is the last day of the 3rd month of the following financial year.

CIT Payment Due Date:

November 1st and December 1st

CIT Payment Due Date:

The same as the deadline for submission of the final CIT return (i.e. the last day of the 3rd month of the following financial year).

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:

Quarterly payments must be made no later than the 30th day of the next quarter.

Withholding Tax (WHT)

Iceland

Vietnam

Resident Withholding Tax (Dividend/Interest/Royalty):

22/22/0

Resident Withholding Tax (Dividend/Interest/Royalty):

0/5/10

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

21/13/22

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

0/5/10

Value-Added Tax (VAT)

Iceland

Vietnam

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

10%

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Iceland

Vietnam

General Capital Gain Tax Rate:

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

General Capital Gain Tax Rate:

Vietnamese companies: capital gains taxed at the standard 20% CIT rate. Foreign sellers: from December 15, 2025, capital transfers generally subject to 2% CIT on sale proceeds. Securities transfers by foreign entities: 0.1% CIT on total sales proceeds.

Effective Tax Rate (ETR)

Iceland

Vietnam

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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