BY · EuropeCY · Europe
Belarus vs Cyprus: tax rates compared
Cyprus has an income tax rate of 35%, 5pp above Belarus's 30%. The 200-country average is 28%: both sit above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BY | CY | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | CY +5 pp |
| Corporate Tax | 25% | 12.5% | BY +12.5 pp |
| VAT | 20% | 19% | BY +1 pp |
| Capital Gains Tax | 13% | 0% | BY +13 pplargest gap |
| Crypto Tax | 13% | 8% | BY +5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 30% | Source: Official Internet Portal of the President of the Republic of Belarus — "Aleksandr Lukashenko approves changes to tax legislation" · as of 2026-01-01 |
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Difference | −5 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 25% | 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 | +12.5 pp | Belarus higher |
Belarus has a corporate tax rate of 25%, 12.5pp above Cyprus's 12.5%. The 201-country average is 22.6%: Belarus sits above it, Cyprus sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belarus | 20% | Source: Tax Code of the Republic of Belarus (Special Part), Article 122 — consolidated text via pravo.by, linked from the Ministry of Taxes and Duties' official site · as of 2026-07-19 |
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Difference | +1 pp | Belarus higher |
Belarus has a VAT rate of 20%, 1pp above Cyprus's 19%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 13% | Source: Republic of Belarus — Tax Code (Special Part), Ministry of Finance consolidated text (Art. 160: tax base for income from securities transactions; Art. 173: personal income tax rates) · as of 2026-07-19 |
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +13 pp | Belarus higher |
Belarus has a capital gains tax rate of 13%, 13pp above Cyprus's 0%. The 175-country average is 10.3%: Belarus sits above it, Cyprus sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 13% | Source: Belarus Ministry of Taxes and Duties (MNS) — Clarification on the taxation of individuals' income from token transactions · as of 2025-08-26 |
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | +5 pp | Belarus higher |
Belarus has a crypto tax rate of 13%, 5pp above Cyprus's 8%. The 88-country average is 13%: Belarus matches the world average, Cyprus sits below it. Belarus's figure is dated 2025-08-26 and Cyprus's 2026-05-18, so the two rates come from different data vintages.
Not covered for both countries yet: Wealth Tax.