background image
8.2.1. Corporate/Profit Taxes

A non-resident entity having a permanent establishment ('PE') in Greenland is subject to tax on income earned by such PE in Greenland. The tax is levied at the same corporate tax ('CIT') rate as for resident companies i.e. at 31.8% which includes 30% as CIT and a surcharge of 6% on the corporate tax.

Income (including capital gains) of companies holding license under Mineral Resources Act is subject to CIT at 30%.

Greenland sourced income earned by non-residents not having a PE in Greenland, is subject to withholding tax ('WHT') in the country which is the final tax on such income (See sec. 8.2.2. below). However, there is no branch tax on the (deemed) remittance of the after-tax income to the foreign head office.