Nicaragua vs Iceland
Corporate Tax Comparison
Time of Update: Nicaragua: 4/06/2026 / Iceland: 4/04/2026
Compare Nicaragua and Iceland corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Nicaragua vs Iceland Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Nicaragua
Iceland
General CIT Rate:
headline rate of 30%
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date:
within two months following the fiscal year-end
CIT Return Due Date:
31 May
CIT Payment Due Date:
due within two months after the end of the fiscal year
CIT Payment Due Date:
November 1st and December 1st
CIT Estimated Payment Due Date:
Monthly advance payments of 1-3% of gross income
CIT Estimated Payment Due Date:
Except for January and October, prepayments should be made on the first day of each month.
Withholding Tax (WHT)
Nicaragua
Iceland
Resident Withholding Tax (Dividend/Interest/Royalty):
15/15/15
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
15/15/15
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Nicaragua
Iceland
General Capital Gain Tax Rate:
15%
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Effective Tax Rate (ETR)
Nicaragua
Iceland
Composite Effective Average Tax Rate:
26.85%
Composite Effective Average Tax Rate:
18.79%
Composite Effective Marginal Tax Rate:
12.89%
Composite Effective Marginal Tax Rate:
14.93%
