Taxes on goods and services as a share of revenue reached 31.7% in 2020 in Cyprus, according to the National Statistical Office. This is 6.52% less than in the previous year.
Historically, taxes on goods and services as a share of revenue in Cyprus reached an all time high of 38.1% in 2004 and an all time low of 16.7% in 1977.
Cyprus has been ranked 62nd within the group of 111 countries we follow in terms of taxes on goods and services as a share of revenue.
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