The Personal Income Tax Rate in Cyprus stands at 35 percent. source: Inland Revenue Department of the Republic of Cyprus

Personal Income Tax Rate in Cyprus averaged 35 percent from 1995 until 2020, reaching an all time high of 40 percent in 1996 and a record low of 30 percent in 2003. This page provides - Cyprus Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Personal Income Tax Rate - values, historical data and charts - was last updated on May of 2022.

Personal Income Tax Rate in Cyprus is expected to reach 35.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Personal Income Tax Rate is projected to trend around 35.00 percent in 2021, according to our econometric models.

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Cyprus Personal Income Tax Rate



Related Last Previous Unit Reference
Corporate Tax Rate 12.50 12.50 percent Dec 2021
Personal Income Tax Rate 35.00 35.00 percent Dec 2021
Sales Tax Rate 19.00 19.00 percent Dec 2021
Social Security Rate 16.60 16.60 percent Dec 2021
Social Security Rate For Companies 8.30 8.30 percent Dec 2021
Social Security Rate For Employees 8.30 8.30 percent Dec 2021

Cyprus Personal Income Tax Rate
In Cyprus, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Cyprus.
Actual Previous Highest Lowest Dates Unit Frequency
35.00 35.00 40.00 30.00 1995 - 2021 percent Yearly