Cyprus vs Iceland: Paying taxes: Profit tax
Cyprus
8.3%
in 2019
Iceland
8.5%
in 2019
Cyprus rank
152nd
Iceland rank
149th
Paying taxes: Profit tax over time
- Cyprus
- Iceland
How they compare
Iceland currently reports 8.5% against 8.3% in Cyprus, a difference of 0.2%.
The two have swapped places 2 times across 12 shared years of data; in 2008 it was Iceland ahead.
Cyprus ranks 152nd and Iceland ranks 149th of 190 countries.
Across the 2 decades both report, Cyprus averaged higher in 1 and Iceland in 1.
Head to head by decade
| Decade | Cyprus | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.8% | 8.0% | 0.2% | Iceland |
| 2010s | 9.0% | 8.5% | 0.5% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Cyprus or Iceland?
- Iceland, at 8.5% against 8.3% in Cyprus as of 2019.
- What is the difference in paying taxes: profit tax between Cyprus and Iceland?
- 0.2%, with Iceland ahead.
- How many years of comparable data are there for Cyprus and Iceland?
- 12 years are reported by both, from 2008 to 2019.
- How do Cyprus and Iceland rank globally for paying taxes: profit tax?
- Cyprus ranks 152nd and Iceland ranks 149th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.