The Sales Tax Rate in Cyprus stands at 19 percent. source: Inland Revenue Department of the Republic of Cyprus

Sales Tax Rate in Cyprus averaged 16.14 percent from 2000 until 2021, reaching an all time high of 19 percent in 2014 and a record low of 10 percent in 2001. This page provides - Cyprus Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Sales Tax Rate - VAT - values, historical data and charts - was last updated on October of 2021.

Sales Tax Rate in Cyprus is expected to reach 19.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Sales Tax Rate - VAT is projected to trend around 19.00 percent in 2022, according to our econometric models.

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Cyprus Sales Tax Rate - VAT

Cyprus Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 35.00 percent Dec/21 35.00 40.00 30.00
Corporate Tax Rate 12.50 percent Dec/21 12.50 29.00 10.00
Sales Tax Rate 19.00 percent Dec/21 19.00 19.00 10.00
Social Security Rate 16.60 percent Dec/21 16.60 19.30 15.60
Social Security Rate For Companies 8.30 percent Dec/21 8.30 11.50 7.80
Social Security Rate For Employees 8.30 percent Dec/21 8.30 8.30 6.30

Cyprus Sales Tax Rate - VAT
In Cyprus, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Cyprus.