Iceland vs Mexico
Corporate Tax Comparison
Time of Update: Iceland: 4/04/2026 / Mexico: 4/05/2026
Compare Iceland and Mexico corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Iceland vs Mexico Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Iceland
Mexico
General CIT Rate:
20 (for LLCs and limited partnerships); 37.6 (for other entities)
General CIT Rate:
30
CIT Return Due Date:
31 May
CIT Return Due Date:
31 March
CIT Payment Due Date:
November 1st and December 1st
CIT Payment Due Date:
31 March
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:
The estimated payment by CIT will be due on the 17th of each month.
Withholding Tax (WHT)
Iceland
Mexico
Resident Withholding Tax (Dividend/Interest/Royalty):
22/22/0
Resident Withholding Tax (Dividend/Interest/Royalty):
10/0.9/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
21/13/22
None-Resident Withholding Tax (Dividend/Interest/Royalty):
10/4.9-35/5-35
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Iceland
Mexico
General Capital Gain Tax Rate:
20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
General Capital Gain Tax Rate:
Mexican residents are taxed at 30% of their income. Non-residents are taxed at 25% of their total income or 35% of their net income.
Effective Tax Rate (ETR)
Iceland
Mexico
Composite Effective Average Tax Rate:
18.79%
Composite Effective Average Tax Rate:
27.63%
Composite Effective Marginal Tax Rate:
14.93%
Composite Effective Marginal Tax Rate:
20.29%
