Taxation in Cyprus - Data for 2005

FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.

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Middle East > Cyprus > Taxation

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Social contributions > % of revenue	19.71 %		[31st of 78]
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Social contributions > current LCU	650050000
DEFINITION: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.		View time series
SOURCE: World Development Indicators database
Taxes on income, profits and capital gains > % of revenue	18.28 %		[48th of 98]
DEFINITION: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.		View time series
SOURCE: World Development Indicators database
Taxes on income, profits and capital gains > % of total taxes	28.86 %		[50th of 98]
DEFINITION: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.		View time series
SOURCE: World Development Indicators database
Value Added Tax > Lower rate for dwellings	0		[11th of 25]
DEFINITION: Value Added Tax 2002. Whether there is a lower rate for dwellings and if so, what rate.
SOURCE: World Development Indicators database
Value Added Tax > Professional services	13		[22nd of 25]
DEFINITION: Value Added Tax 2002. Whether there is a lower rate for dwellings and if so, what rate.
SOURCE: Parliamentary Assembly of the Council of Europe
Value Added Tax > Standard rate	15%		[23rd of 25]
DEFINITION: Value Added Tax rate
SOURCE: Parliamentary Assembly of the Council of Europe