Cyprus—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #62 of 137Updated September 2026
Latest Value
26.1%
2024
YoY Change
+9.1%
2023 → 2024
Global Rank
#62
of 137 countries
Maximum
28.1%
2000
Minimum
17.6%
2004
CAGR
-0.3%
25 years
Last
26.1%
Previous
23.9%
Highest
28.1%
Lowest
17.6%
Source
World Bank World Development Indicators
Cyprus's taxes on income, profits & capital gains (% of rev) was 26.1% in 2024, ranking #62 out of 137 countries. This represents a +9.1% change from 2023. Over the past 25 years, the highest recorded value was 28.1% (2000) and the lowest was 17.6% (2004). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 26.1% | +9.1% |
| 2023 | 23.9% | -2.6% |
| 2022 | 24.5% | +3.6% |
| 2021 | 23.7% | +1.8% |
| 2020 | 23.3% | +4.6% |
| 2019 | 22.2% | -3.1% |
| 2018 | 22.9% | -0.9% |
| 2017 | 23.2% | +3.8% |
| 2016 | 22.3% | +1.9% |
| 2015 | 21.9% | -2.7% |
| 2014 | 22.5% | -7.6% |
| 2013 | 24.4% | -2.1% |
| 2012 | 24.9% | -3.6% |
| 2011 | 25.9% | +9.3% |
| 2010 | 23.7% | -3.1% |
| 2009 | 24.4% | -8.8% |
| 2008 | 26.8% | -2.8% |
| 2007 | 27.6% | +20.3% |
| 2006 | 22.9% | +18.1% |
| 2005 | 19.4% | +10.3% |
| 2004 | 17.6% | -18.7% |
| 2003 | 21.6% | -22.3% |
| 2002 | 27.8% | +0.3% |
| 2001 | 27.8% | -1.2% |
| 2000 | 28.1% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.4% | 2024 |
| 3 | New Zealand | 56.7% | 2024 |
| 4 | United States | 56.3% | 2024 |
| 5 | Canada | 53.9% | 2024 |
| 6 | Denmark | 51.4% | 2024 |
| 7 | South Africa | 50.8% | 2024 |
| 8 | Malaysia | 47.6% | 2024 |
| 9 | Ireland | 45.2% | 2024 |
| 10 | Malta | 41.7% | 2024 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).