Tax Info
Enter Dynamic PageGeneral CIT Rate
20 (for LLCs and limited partnerships); 37.6 (for other entities)
CIT Return Due Date
31 May
CIT Payment Due Date
November 1st and December 1st
CIT Estimated Payment Due Date
Except for January and October, prepayments should be made on the first day of each month.
Resident Withholding Tax (Dividend/Interest/Royalty)
22/22/0
None-Resident Withholding Tax (Dividend/Interest/Royalty)
21/13/22
General VAT Rate
24
General Capital Gain Tax Rate
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
Composite Effective Average Tax Rate
18.79%
Composite Effective Marginal Tax Rate
14.93%
Administrative Regions
1 - Capital Region
2 - Southern Peninsula Region
3 - Western Region
4 - Westfjords
5 - Northwestern Region
6 - Northeastern Region
7 - Eastern Region
8 - Southern Region
