AZ · AsiaCY · Europe
Azerbaijan vs Cyprus: tax rates compared
Cyprus's income tax rate is 10pp higher than Azerbaijan's (35% vs 25%). The 200-country average is 28%: Azerbaijan sits below it, Cyprus sits above it.
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 | AZ | CY | Difference |
|---|---|---|---|
| Income Tax | 25% | 35% | CY +10 pp |
| Corporate Tax | 20% | 12.5% | AZ +7.5 pp |
| VAT | 18% | 19% | CY +1 pp |
| Capital Gains Tax | 14% | 0% | AZ +14 pplargest gap |
| Crypto Tax | 14% | 8% | AZ +6 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 25% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Taxes on personal income) · as of 2026-01-09 |
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Difference | −10 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 20% | 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 | +7.5 pp | Azerbaijan higher |
Azerbaijan's corporate tax rate is 7.5pp higher than Cyprus's (20% vs 12.5%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 18% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Corporate, Other taxes) · as of 2026-01-09 |
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Difference | −1 pp | Cyprus higher |
Cyprus's VAT rate is 1pp higher than Azerbaijan's (19% vs 18%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 14% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Taxes on personal income) · as of 2026-01-09 |
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +14 pp | Azerbaijan higher |
Azerbaijan's capital gains tax rate is 14pp higher than Cyprus's (14% vs 0%). The 175-country average is 10.3%: Azerbaijan sits above it, Cyprus sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 14% | Source: Azerbaijan State Tax Service — Suallar və cavablar (Questions and Answers), Q.10955 · as of 2026-06-30 |
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +6 pp | Azerbaijan higher |
Azerbaijan's crypto tax rate is 6pp higher than Cyprus's (14% vs 8%). The 88-country average is 13%: Azerbaijan sits above it, Cyprus sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 0% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Other taxes) · as of 2026-01-09 |
| 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 |
Azerbaijan's wealth tax rate is identical to Cyprus's — both sit at 0%. The 193-country average is 0.1%: both sit below it.