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British Virgin Islands vs Cyprus: tax rates compared
Cyprus's income tax rate is 35pp higher than British Virgin Islands's (35% vs 0%). The 200-country average is 28%: British Virgin Islands 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 | VG | CY | Difference |
|---|---|---|---|
| Income Tax | 0% | 35% | CY +35 pplargest gap |
| Corporate Tax | 0% | 12.5% | CY +12.5 pp |
| VAT | 0% | 19% | CY +19 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 8% | CY +8 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | Source: Government of the Virgin Islands — All Government Services (Inland Revenue Department tax listing) · as of 2026-07-20 |
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Difference | −35 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | 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 | Cyprus higher |
Cyprus's corporate tax rate is 12.5pp higher than British Virgin Islands's (12.5% vs 0%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | Source: Government of the Virgin Islands — Inland Revenue Department · as of 2026-07-19 |
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Difference | −19 pp | Cyprus higher |
Cyprus's VAT rate is 19pp higher than British Virgin Islands's (19% vs 0%). The 181-country average is 15%: British Virgin Islands sits below it, Cyprus sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | Source: Government of the Virgin Islands — All Government Services (Inland Revenue Department tax listing) · as of 2026-07-19 |
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | 0 pp | displayed rates match |
British Virgin Islands's capital gains tax rate is identical to Cyprus's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | Source: Government of the Virgin Islands — All Government Services (Inland Revenue Department tax listing) · as of 2026-07-19 |
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Difference | −8 pp | Cyprus higher |
Cyprus's crypto tax rate is 8pp higher than British Virgin Islands's (8% vs 0%). The 88-country average is 13%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| British Virgin Islands | 0% | Source: Government of the Virgin Islands — Inland Revenue Department services listing · 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 |
British Virgin Islands's wealth tax rate is identical to Cyprus's — both sit at 0%. The 193-country average is 0.1%: both sit below it.