CY · EuropeDK · Europe
Cyprus vs Denmark: tax rates compared
Between the two, Denmark's income tax rate (55.9%) tops Cyprus's (35%) by 20.9pp. The 200-country average is 28%: both sit above it. Cyprus's figure is dated 2026-05-18 and Denmark's 2025-01-01, 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 | CY | DK | Difference |
|---|---|---|---|
| Income Tax | 35% | 55.9% | DK +20.9 pp |
| Corporate Tax | 12.5% | 22% | DK +9.5 pp |
| VAT | 19% | 25% | DK +6 pp |
| Capital Gains Tax | 0% | 42% | DK +42 pp |
| Crypto Tax | 8% | 57% | DK +49 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Denmark | 55.9% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −20.9 pp | Denmark higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Denmark | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −9.5 pp | Denmark higher |
Between the two, Denmark's corporate tax rate (22%) tops Cyprus's (12.5%) by 9.5pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Denmark | 25% | Source: PWC Worldwide Tax Summaries — Denmark (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | −6 pp | Denmark higher |
Between the two, Denmark's VAT rate (25%) tops Cyprus's (19%) by 6pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Denmark | 42% | Source: PwC Worldwide Tax Summaries — Denmark, Individual - Taxes on personal income · as of 2026-06-25 |
| Difference | −42 pp | Denmark higher |
Between the two, Denmark's capital gains tax rate (42%) tops Cyprus's (0%) by 42pp. The 175-country average is 10.3%: Cyprus sits below it, Denmark sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Denmark | 57% | Source: Skattestyrelsen, Den juridiske vejledning C.C.2.1.3.3.5.1 — Generelt om krypto · as of 2026-07-19 |
| Difference | −49 pp | Denmark higher |
Between the two, Denmark's crypto tax rate (57%) tops Cyprus's (8%) by 49pp. The 88-country average is 13%: Cyprus sits below it, Denmark sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| Denmark | 0% | Source: PWC Worldwide Tax Summaries — Denmark (Individual, Other taxes) · as of 2026-06-25 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Denmark both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.