Paying taxes: Total tax and contribution rate in Cyprus
Cyprus: Paying taxes: Total tax and contribution rate was 22.4% in 2019. ▲ Rising
Paying taxes: Total tax and contribution rate in Cyprus, 2008–2019
Source: World Bank. Measured in % of profit.
Analysis
Cyprus recorded 22.4% for paying taxes: total tax and contribution rate in 2019.
That represents a change of up 0.9% on the previous year and up 8.7% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Cyprus peaked at 24.2% in 2016 and was at its lowest, 20.6%, in 2008.
Cyprus ranks 166th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Paying taxes: Total tax and contribution rate in Cyprus, year by year
| Year | % of profit | Change |
|---|---|---|
| 2008 | 20.6% | — |
| 2009 | 20.6% | +0.0% |
| 2010 | 21.7% | +5.3% |
| 2011 | 21.6% | -0.5% |
| 2012 | 21.6% | +0.0% |
| 2013 | 21.9% | +1.4% |
| 2014 | 22.5% | +2.7% |
| 2015 | 24.0% | +6.7% |
| 2016 | 24.2% | +0.8% |
| 2017 | 22.7% | -6.2% |
| 2018 | 22.2% | -2.2% |
| 2019 | 22.4% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.6% | 20.6% | 20.6% | 2 |
| 2010s | 22.5% | 21.6% | 24.2% | 10 |
Countries ranked near Cyprus
- 163 Bosnia and Herzegovina 23.7% compare
- 164 Cambodia 23.1% compare
- 165 Armenia 22.6% compare
- 167 Mauritius 22.2% compare
- 167 Montenegro 22.2% compare
- 169 Hong Kong, China 21.9% 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: total tax and contribution rate in Cyprus?
- Paying taxes: total tax and contribution rate in Cyprus was 22.4% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Cyprus?
- The highest recorded value was 24.2% in 2016.
- What is the lowest paying taxes: total tax and contribution rate recorded in Cyprus?
- The lowest recorded value was 20.6% in 2008.
- How does Cyprus rank for paying taxes: total tax and contribution rate?
- Cyprus ranks 166th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Cyprus?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.