Taxes on income, profits and capital gains as a share of revenue reached 24.7% in 2020 in Cyprus, according to the National Statistical Office. This is 5.02% more than in the previous year.
Historically, taxes on income, profits and capital gains as a share of revenue in Cyprus reached an all time high of 30.5% in 1999 and an all time low of 13.3% in 1977.
Cyprus has been ranked 56th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue.
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