Paying taxes: Profit tax in Cyprus
Cyprus: Paying taxes: Profit tax was 8.3% in 2019. ▬ Flat
Paying taxes: Profit tax in Cyprus, 2008–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: profit tax in Cyprus is 8.3%, measured in 2019.
That represents a change of up 2.5% on the previous year and up 6.4% over ten years.
Over the whole period, paying taxes: profit tax in Cyprus peaked at 9.6% in 2016 and was at its lowest, 7.8%, in 2008.
That places Cyprus 152nd out of 190 countries with data for 2019, putting it in the bottom quarter.
Paying taxes: Profit tax in Cyprus, year by year
| Year | % of profits | Change |
|---|---|---|
| 2008 | 7.8% | — |
| 2009 | 7.8% | +0.0% |
| 2010 | 9.4% | +20.5% |
| 2011 | 9.2% | -2.1% |
| 2012 | 9.1% | -1.1% |
| 2013 | 9.2% | +1.1% |
| 2014 | 9.5% | +3.3% |
| 2015 | 9.3% | -2.1% |
| 2016 | 9.6% | +3.2% |
| 2017 | 8.1% | -15.6% |
| 2018 | 8.1% | +0.0% |
| 2019 | 8.3% | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.8% | 7.8% | 7.8% | 2 |
| 2010s | 9.0% | 8.1% | 9.6% | 10 |
Countries ranked near Cyprus
- 149 Iceland 8.5% compare
- 150 Bosnia and Herzegovina 8.4% compare
- 150 Republic of Moldova 8.4% compare
- 152 Montenegro 8.3% compare
- 154 Algeria 8.1% compare
- 155 Canada 8.0% compare
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Cyprus?
- Paying taxes: profit tax in Cyprus was 8.3% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Cyprus?
- The highest recorded value was 9.6% in 2016.
- What is the lowest paying taxes: profit tax recorded in Cyprus?
- The lowest recorded value was 7.8% in 2008.
- How does Cyprus rank for paying taxes: profit tax?
- Cyprus ranks 152nd out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Cyprus?
- Over the last ten years it is up 6.4%. The long-run trend across the full record is flat.
- Where does this Cyprus data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.