Tax rate in Cyprus

Cyprus: Tax rate was 11.45 Rate in 2025. ▲ Rising

Latest (2025)
11.45 Rate
Change on year
unchanged
World rank
40th
of 44 countries
All-time high
11.45 Rate
in 2024
All-time low
6.3 Rate
in 2005
Years of data
13
2005–2025

Tax rate in Cyprus, 2005–2025

02.557.51012.52005201520252005: 6.3 Rate2006: 6.3 Rate2007: 6.3 Rate2014: 7.8 Rate2017: 7.8 Rate2018: 7.8 Rate2019: 8.3 Rate2020: 10 Rate2021: 10.9 Rate2022: 10.9 Rate2023: 10.9 Rate2024: 11.4 Rate2025: 11.4 Rate

Source: Eurostat. Measured in Rate.

Analysis

In 2025, tax rate in Cyprus stood at 11.45 Rate. That is the highest value across all 13 years on record.

That represents a change of up 46.8% over ten years.

Over the whole period, tax rate in Cyprus peaked at 11.45 Rate in 2024 and was at its lowest, 6.3 Rate, in 2005.

Cyprus ranks 40th of 44 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 13 years of available data.

Tax rate in Cyprus, year by year

Annual values for Tax rate in Cyprus, 2005 to 2025.
Year Rate Change
2005 6.3 Rate
2006 6.3 Rate +0.0%
2007 6.3 Rate +0.0%
2014 7.8 Rate +23.8%
2017 7.8 Rate +0.0%
2018 7.8 Rate +0.0%
2019 8.3 Rate +6.4%
2020 10 Rate +20.5%
2021 10.95 Rate +9.5%
2022 10.95 Rate +0.0%
2023 10.95 Rate +0.0%
2024 11.45 Rate +4.6%
2025 11.45 Rate +0.0%

Cyprus compared with similar countries

  • Cyprus's 11.45 Rate is below the median for Europe & Central Asia, which is 18.56 Rate, 62% of the median. (30 countries reporting)
  • Cyprus's 11.45 Rate is below the median for high income countries, which is 18.59 Rate, 62% of the median. (33 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 6.3 Rate 6.3 Rate 6.3 Rate 3
2010s 7.92 Rate 7.8 Rate 8.3 Rate 4
2020s 10.96 Rate 10 Rate 11.45 Rate 6

Countries ranked near Cyprus

  1. 37 Switzerland 13 Rate compare
  2. 38 Estonia 11.8 Rate compare
  3. 39 Belgium 11.58 Rate compare
  4. 41 Portugal 11 Rate compare
  5. 42 Estonia 10.03 Rate compare
  6. 43 Ireland 9.43 Rate compare

See the full ranking of 49 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is tax rate in Cyprus?
Tax rate in Cyprus was 11.45 Rate in 2025, according to Eurostat.
What is the highest tax rate recorded in Cyprus?
The highest recorded value was 11.45 Rate in 2024.
What is the lowest tax rate recorded in Cyprus?
The lowest recorded value was 6.3 Rate in 2005.
How does Cyprus rank for tax rate?
Cyprus ranks 40th out of 44 countries with data for 2025.
Is tax rate rising or falling in Cyprus?
Over the last ten years it is up 46.8%. The long-run trend across the full record is rising.
Where does this Cyprus data come from?
The figures come from Eurostat, published as part of Tax rate. Statizoid updates them automatically from the source API.

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Tax rate in Cyprus. Statizoid, drawing on Eurostat. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/tax-rate/cyprus/

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About this data

Indicator
Tax rate
Unit
Rate
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
49 places, 1,129 data points, 2000–2025
Last refreshed