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Trinidad and Tobago vs Cyprus
Tax Rate Comparison

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

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
vs
๐Ÿ‡จ๐Ÿ‡พ Cyprus
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
25โ€“30%
30% top; energy transition planning
No change
0โ€“35%
35% top; non-dom regime reviewed but maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
12.5% maintained
No change
5โ€“19%
19% standard maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“35%
CIT stable; LNG sector key
No change
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
20%
20% immovable property; shares exempt
No change
Social Security & Payroll
Social Security / Payroll
~13.2%
NIS reform ongoing
No change
~23.8%
GeSY system bedding in; contribution rates stable
No change
State, Regional & Local Taxes

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago โ€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

๐Ÿ‡จ๐Ÿ‡พ Cyprus โ€” 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.

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

Trinidad and Tobago vs Cyprus: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus has a higher top income tax rate (25โ€“30% vs 0โ€“35%). ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Cyprus has a higher consumption tax (12.5% vs 5โ€“19%).

๐Ÿข Corporate Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus offers a lower corporate rate (12.5% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 20%), benefiting investors.

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