The Corporate Tax Rate in Cyprus stands at 12.50 percent. source: Inland Revenue Department of the Republic of Cyprus

Corporate Tax Rate in Cyprus averaged 16.02 percent from 1995 until 2021, reaching an all time high of 29 percent in 2000 and a record low of 10 percent in 2005. This page provides - Cyprus Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Corporate Tax Rate - values, historical data and charts - was last updated on February of 2023.

Corporate Tax Rate in Cyprus is expected to reach 12.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Corporate Tax Rate is projected to trend around 12.50 percent in 2024, according to our econometric models.

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Cyprus Corporate Tax Rate

Related Last Previous Unit Reference
Personal Income Tax Rate 35.00 35.00 percent Dec 2022
Corporate Tax Rate 12.50 12.50 percent Dec 2022
Sales Tax Rate 19.00 19.00 percent Dec 2022
Social Security Rate 16.60 16.60 percent Dec 2022
Social Security Rate For Companies 8.30 8.30 percent Dec 2022
Social Security Rate For Employees 8.30 8.30 percent Dec 2022

Cyprus Corporate Tax Rate
In Cyprus, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Cyprus.
Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 29.00 10.00 1995 - 2022 percent Yearly