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Economy > Tax > Taxes on income Stats: compare key data on Cyprus & Turkey

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Definitions

  • Profits and capital gains > % of revenue: 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.
  • Profits and capital gains > % of total taxes: 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.
  • Profits and capital gains > Current LCU: 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."
  • Profits and capital gains including income tax > % of revenue: 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."
  • Profits and capital gains including income tax > % of total taxes: 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."
STAT Cyprus Turkey HISTORY
Profits and capital gains > % of revenue 18.28%
Ranked 48th.
35.49%
Ranked 17th. 94% more than Cyprus

Profits and capital gains > % of total taxes 28.86%
Ranked 50th.
42.24%
Ranked 30th. 46% more than Cyprus

Profits and capital gains > Current LCU 2.08 billion
Ranked 74th.
56.79 billion
Ranked 44th. 27 times more than Cyprus

Profits and capital gains including income tax > % of revenue 27.26%
Ranked 33th. 3% more than Turkey
26.34%
Ranked 34th.

Profits and capital gains including income tax > % of total taxes 39.25%
Ranked 39th. 22% more than Turkey
32.14%
Ranked 47th.

SOURCES: World Development Indicators database; International Monetary Fund, Government Finance Statistics Yearbook and data files.

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