AU · OceaniaCY · Europe
Australia vs Cyprus: tax rates compared
Australia's income tax rate is 12pp higher than Cyprus's (47% vs 35%). The 200-country average is 28%: both sit above it. Australia's figure is dated 2025-01-01 and Cyprus's 2026-05-18, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AU | CY | Difference |
|---|---|---|---|
| Income Tax | 47% | 35% | AU +12 pp |
| Corporate Tax | 30% | 12.5% | AU +17.5 pp |
| VAT | 10% | 19% | CY +9 pp |
| Capital Gains Tax | 45% | 0% | AU +45 pplargest gap |
| Crypto Tax | 45% | 8% | AU +37 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 47% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Difference | +12 pp | Australia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +17.5 pp | Australia higher |
Australia's corporate tax rate is 17.5pp higher than Cyprus's (30% vs 12.5%). The 201-country average is 22.6%: Australia sits above it, Cyprus sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Australia | 10% | Source: PWC Worldwide Tax Summaries — Australia (Corporate, Other taxes) · as of 2026-06-30 |
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Difference | −9 pp | Cyprus higher |
Cyprus's VAT rate is 9pp higher than Australia's (19% vs 10%). The 181-country average is 15%: Australia sits below it, Cyprus sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 45% | Source: PWC Worldwide Tax Summaries — Australia (Individual, Taxes on personal income) · as of 2026-06-30 |
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +45 pp | Australia higher |
Australia's capital gains tax rate is 45pp higher than Cyprus's (45% vs 0%). The 175-country average is 10.3%: Australia sits above it, Cyprus sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 45% | Source: Australian Taxation Office — How to work out and report CGT on crypto · as of 2026-06-22 |
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +37 pp | Australia higher |
Australia's crypto tax rate is 37pp higher than Cyprus's (45% vs 8%). The 88-country average is 13%: Australia sits above it, Cyprus sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 0% | Source: PWC Worldwide Tax Summaries — Australia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| Difference | 0 pp | displayed rates match |
Australia's wealth tax rate is identical to Cyprus's — both sit at 0%. The 193-country average is 0.1%: both sit below it.