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Cyprus

Cyprus Government Stats

Definitions

STAT AMOUNT DATE RANK HISTORY
Finance minister Charis Georgiades 2014
Revenue > Tax > Corporate tax 10% 2014 28th out of 29
Revenue > Tax > Maximum Income tax rate 35% 2014 18th out of 29
Revenue > Tax > Maximum tax rate for individuals 0.0 2013 38th out of 46
Revenue > Tax > Payroll tax 6.8% 2013 12th out of 14
Revenue > Tax > Sales tax, VAT or GST 19% 2014 17th out of 19
Revenue > Tax > Sales tax, VAT or GST (reduced rate) 5% (8% for taxi and bus transportation) 2014
Revenue > Tax > Tax burden, % of GDP 26.5 2014 53th out of 181
Revenue > Tax > Taxes foreign income of nonresident citizens no 2014
Revenue > Tax > Taxes foreign income of resident foreigners yes 2014
Revenue > Tax > Taxes local income of nonresident individuals yes 2014
Revenue > Tax > Taxes local income of resident citizens yes 2014
Revenue > Tax > Taxes local income of resident foreigners yes 2014
Revenue > Tax revenue as percentage of GDP 35.2 2013 16th out of 29

Citation

Cyprus Economy > Government Profiles (Subcategories)

Revenue 13
  • Cyprus ranked first for red tape > time required to build a warehouse > days amongst Europe in 2013.
  • Cyprus ranked second for red tape > time required to get electricity > days amongst Heavily indebted countries in 2013.

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