Facts
- Tax revenue, % of GDP
- 23.9 % (2024)
- Tax revenue level
- 20–25% of GDP
- Taxes on income, profits and capital gains, % of revenue
- 44.6 % (2024)
- Taxes on goods and services, % of value added
- 13.6 % (2024)
- ISO code
- CYP
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2024 | 23.9 % |
| 2023 | 23.3 % |
| 2022 | 23.0 % |
| 2021 | 22.6 % |
| 2020 | 21.9 % |
| 2019 | 23.1 % |
| 2018 | 23.8 % |
| 2017 | 23.8 % |
| 2016 | 23.5 % |
| 2015 | 24.0 % |
| 2014 | 24.7 % |
| 2013 | 23.5 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2024 | 44.6 % |
| 2023 | 42.0 % |
| 2022 | 41.6 % |
| 2021 | 41.5 % |
| 2020 | 41.0 % |
| 2019 | 38.2 % |
| 2018 | 37.8 % |
| 2017 | 37.9 % |
| 2016 | 36.5 % |
| 2015 | 36.8 % |
| 2014 | 37.9 % |
| 2013 | 40.3 % |
Taxes on goods and services, % of value added
| Period | Value |
|---|---|
| 2024 | 13.6 % |
| 2023 | 13.9 % |
| 2022 | 13.8 % |
| 2021 | 13.6 % |
| 2020 | 13.3 % |
| 2019 | 14.8 % |
| 2018 | 15.5 % |
| 2017 | 15.3 % |
| 2016 | 15.5 % |
| 2015 | 15.4 % |
| 2014 | 15.8 % |
| 2013 | 14.1 % |
Year by year · 30
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| Cyprus 2024 | — | — | 23.9 % |
| Cyprus 2023 | — | — | 23.3 % |
| Cyprus 2022 | — | — | 23.0 % |
| Cyprus 2021 | — | — | 22.6 % |
| Cyprus 2020 | — | — | 21.9 % |
| Cyprus 2019 | — | — | 23.1 % |
| Cyprus 2018 | — | — | 23.8 % |
| Cyprus 2017 | — | — | 23.8 % |
| Cyprus 2016 | — | — | 23.5 % |
| Cyprus 2015 | — | — | 24.0 % |
| Cyprus 2014 | — | — | 24.7 % |
| Cyprus 2013 | — | — | 23.5 % |
| Cyprus 2012 | — | — | 23.3 % |
| Cyprus 2011 | — | — | 23.1 % |
| Cyprus 2010 | — | — | 23.1 % |
| Cyprus 2009 | — | — | 23.2 % |
| Cyprus 2008 | — | — | 26.9 % |
| Cyprus 2007 | — | — | 28.4 % |
| Cyprus 2006 | — | — | 24.3 % |
| Cyprus 2005 | — | — | 23.2 % |
| Cyprus 2004 | — | — | 21.8 % |
| Cyprus 2003 | — | — | 22.0 % |
| Cyprus 2002 | — | — | 21.4 % |
| Cyprus 2001 | — | — | 21.3 % |
| Cyprus 2000 | — | — | 20.8 % |
| Cyprus 1999 | — | — | 18.8 % |
| Cyprus 1998 | — | — | 18.3 % |
| Cyprus 1997 | — | — | 17.1 % |
| Cyprus 1996 | — | — | 17.8 % |
| Cyprus 1995 | — | — | 18.4 % |