WorldTax Compare← All Comparisons

Cyprus vs Spain
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡Ύ Cyprus
vs
πŸ‡ͺπŸ‡Έ Spain
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–35%
35% top; non-dom regime reviewed but maintained
No change
19–47%
National rates stable; community variation continues
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5–19%
19% standard maintained
No change
4–21%
Basic food VAT returning toward normal rates
No change
Corporate Tax Rate
Corporate Tax Rate
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
25%
25% standard; digital services levy discussions
No change
Capital Gains Tax
Capital Gains Tax
20%
20% immovable property; shares exempt
No change
19–28%
Progressive savings tax maintained
No change
Social Security & Payroll
Social Security / Payroll
~23.8%
GeSY system bedding in; contribution rates stable
No change
~37.2%
MEI surcharge continues gradual increase to 2032
β–² +0.2pp vs 2025
State, Regional & Local Taxes

πŸ‡¨πŸ‡Ύ Cyprus β€” Municipal & Community Taxes

Cyprus's 5 districts and 30+ municipalities/communities levy local taxes including immovable property tax (at municipal level after national IPT was abolished in 2017), refuse collection fees, and business licences. Nicosia and Limassol have the highest municipal charges. Cyprus is a major international financial centre offering non-dom status (no tax on dividends/interest for non-domiciled residents for 17 years), which attracts wealthy individuals. The IP Box regime offers 2.5% effective tax on qualifying IP income.

πŸ‡ͺπŸ‡Έ Spain β€” Autonomous Community & Municipal Taxes

Spain's 17 autonomous communities set their own half of income tax. Madrid applies significant reductions while Catalonia has higher regional rates. The Basque Country and Navarre have special tax regimes (concierto econΓ³mico). Municipal taxes include IBI (property tax) and IAE (business activity tax). Effective top rates (national + regional) range from ~43% (Madrid) to ~54% in some communities.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Cyprus vs Spain: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡ͺπŸ‡Έ Spain has a higher top income tax rate (0–35% vs 19–47%). πŸ‡¨πŸ‡Ύ Cyprus is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Spain has a higher consumption tax (5–19% vs 4–21%).

🏒 Corporate Tax: πŸ‡¨πŸ‡Ύ Cyprus offers a lower corporate rate (12.5% vs 25%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡Ύ Cyprus taxes investment gains at a lower rate (20% vs 28%), benefiting investors.

Related Comparisons

πŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡¨πŸ‡¦ CanadaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡©πŸ‡ͺ GermanyTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡¬πŸ‡· GreeceTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡²πŸ‡Ή MaltaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡¬πŸ‡§ United KingdomTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡ΊπŸ‡Έ United StatesTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡¦πŸ‡± AlbaniaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡§πŸ‡Ύ BelarusTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡§πŸ‡¦ Bosnia and HerzegovinaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡§πŸ‡¬ BulgariaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡­πŸ‡· CroatiaTax comparisonπŸ‡¨πŸ‡Ύ Cyprus vs πŸ‡¨πŸ‡Ώ Czech RepublicTax comparison