BT · AsiaCY · Europe
Bhutan vs Cyprus: tax rates compared
Cyprus has an income tax rate of 35%, 5pp above Bhutan's 30%. The 200-country average is 28%: both sit above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BT | CY | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | CY +5 pp |
| Corporate Tax | 25% | 12.5% | BT +12.5 pp |
| VAT | 5% | 19% | CY +14 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bhutan | 30% | Source: Bhutan Department of Revenue and Customs, Ministry of Finance — Personal Income Tax (PIT) · as of 2026-07-20 |
| 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 |
|---|---|---|
| Bhutan | 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 | Bhutan higher |
Bhutan has a corporate tax rate of 25%, 12.5pp above Cyprus's 12.5%. The 201-country average is 22.6%: Bhutan sits above it, Cyprus sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bhutan | 5% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Bhutan · as of 2026-01-01 |
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Difference | −14 pp | Cyprus higher |
Cyprus has a VAT rate of 19%, 14pp above Bhutan's 5%. The 181-country average is 15%: Bhutan sits below it, Cyprus sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bhutan | 0% | Source: Bhutan Department of Revenue and Customs, Ministry of Finance · as of 2026-07-18 |
| 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 |
Bhutan and Cyprus share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.