Effective tax rates for income based tax incentives - Corporate tax in Cyprus
Cyprus: Effective tax rates for income based tax incentives - Corporate tax was 8.73 Percentage of taxable income in 2011. ▼ Falling
Effective tax rates for income based tax incentives - Corporate tax in Cyprus, 2000–2011
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for effective tax rates for income based tax incentives - corporate tax in Cyprus is 8.73 Percentage of taxable income, measured in 2011. That is the lowest value across all 12 years on record.
That represents a change of down 64.3% over ten years.
Over the whole period, effective tax rates for income based tax incentives - corporate tax in Cyprus peaked at 24.44 Percentage of taxable income in 2000 and was at its lowest, 8.73 Percentage of taxable income, in 2005.
That places Cyprus 38th out of 41 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Effective tax rates for income based tax incentives - Corporate tax in Cyprus, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 24.44 Percentage of taxable income | — |
| 2001 | 24.44 Percentage of taxable income | +0.0% |
| 2002 | 24.44 Percentage of taxable income | +0.0% |
| 2003 | 13.09 Percentage of taxable income | -46.4% |
| 2004 | 13.09 Percentage of taxable income | +0.0% |
| 2005 | 8.73 Percentage of taxable income | -33.3% |
| 2006 | 8.73 Percentage of taxable income | +0.0% |
| 2007 | 8.73 Percentage of taxable income | +0.0% |
| 2008 | 8.73 Percentage of taxable income | +0.0% |
| 2009 | 8.73 Percentage of taxable income | +0.0% |
| 2010 | 8.73 Percentage of taxable income | +0.0% |
| 2011 | 8.73 Percentage of taxable income | +0.0% |
Cyprus compared with similar countries
- Cyprus's 8.73 Percentage of taxable income is below the median for high income countries, which is 19.2 Percentage of taxable income, 45% of the median. (33 countries reporting)
- Cyprus's 8.73 Percentage of taxable income is below the median for Europe & Central Asia, which is 17.98 Percentage of taxable income, 49% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.32 Percentage of taxable income | 8.73 Percentage of taxable income | 24.44 Percentage of taxable income | 10 |
| 2010s | 8.73 Percentage of taxable income | 8.73 Percentage of taxable income | 8.73 Percentage of taxable income | 2 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is effective tax rates for income based tax incentives - corporate tax in Cyprus?
- Effective tax rates for income based tax incentives - corporate tax in Cyprus was 8.73 Percentage of taxable income in 2011, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates for income based tax incentives - corporate tax recorded in Cyprus?
- The highest recorded value was 24.44 Percentage of taxable income in 2000.
- What is the lowest effective tax rates for income based tax incentives - corporate tax recorded in Cyprus?
- The lowest recorded value was 8.73 Percentage of taxable income in 2005.
- How does Cyprus rank for effective tax rates for income based tax incentives - corporate tax?
- Cyprus ranks 38th out of 41 countries with data for 2011.
- Is effective tax rates for income based tax incentives - corporate tax rising or falling in Cyprus?
- Over the last ten years it is down 64.3%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates for income based tax incentives - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators that capture the effect of income-based R&D tax incentives on firms’ investment costs: The EATR for R&D measures the impact of taxation on R&D investments that earn an economic profit. the user cost of capital for R&D measures the return that a firm needs to realise on an R&D investment before tax to offset all costs and taxes that arise from the investment, making zero economic profit. Further methodological information is available in the explanatory annex.