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Cyprus vs Dominica: tax rates compared
There's no gap here — Cyprus and Dominica both post an income tax rate of 35%. The 200-country average is 28%: both sit above it. Cyprus's figure is dated 2026-05-18 and Dominica's 2018-01-01, 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 | DM | Difference |
|---|---|---|---|
| Income Tax | 35% | 35% | match |
| Corporate Tax | 12.5% | 25% | DM +12.5 pplargest gap |
| VAT | 19% | 15% | CY +4 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 8% | 0% | CY +8 pp |
| 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 |
| Dominica | 35% | Source: Commonwealth of Dominica Inland Revenue Division — Current Income Tax Rates · as of 2018-01-01 |
| Difference | 0 pp | displayed rates match |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Dominica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −12.5 pp | Dominica higher |
Between the two, Dominica's corporate tax rate (25%) tops Cyprus's (12.5%) by 12.5pp. The 201-country average is 22.6%: Cyprus sits below it, Dominica sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Dominica | 15% | Source: Dominica Inland Revenue Division — Value Added Tax · as of 2006-03-01 |
| Difference | +4 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Dominica's (15%) by 4pp. The 181-country average is 15%: Cyprus sits above it, Dominica matches the world average. Cyprus's figure is dated 2026-05-18 and Dominica's 2006-03-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Dominica | 0% | Source: Commonwealth of Dominica Inland Revenue Division — Personal Income Tax / Current Income Tax Rates · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Dominica both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Dominica | 0% | Source: Commonwealth of Dominica Inland Revenue Division — Personal Income Tax · as of 2026-07-19 |
| Difference | +8 pp | Cyprus higher |
Between the two, Cyprus's crypto tax rate (8%) tops Dominica's (0%) by 8pp. The 88-country average is 13%: both sit below 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 |
| Dominica | 0% | Source: Dominica Inland Revenue Division — Tax Laws · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Dominica both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.