May 2008
In 2008 there are no significant changes in Cyprus tax rates, compared to 2007.
The 2008 corporate tax rate is 10%, 25% for semi-government bodies.
Income tax rates for individuals are 20%-30%.
The standard VAT rate in Cyprus is 15%. There are reduced VAT rates of 8% and 5%.
Cyprus Income Tax Rates
January 2007
In the year 2007 the tax rates in Cyprus remain the same as in 2006.
Cyprus's corporate tax rate is 10%, 25% for corporated bodies.
Individual 's income tax rates are 20%-30%.Income below CYP 10,000 is tax exempt.
