CY · EuropeET · Africa
Cyprus vs Ethiopia: tax rates compared
Cyprus's income tax rate is identical to Ethiopia's — both sit at 35%. 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 | CY | ET | Difference |
|---|---|---|---|
| Income Tax | 35% | 35% | match |
| Corporate Tax | 12.5% | 30% | ET +17.5 pplargest gap |
| VAT | 19% | 15% | CY +4 pp |
| Capital Gains Tax | 0% | 15% | ET +15 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 |
| Ethiopia | 35% | Source: PwC Worldwide Tax Summaries — Ethiopia, Individual - Taxes on personal income · as of 2026-07-15 |
| 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 |
| Ethiopia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −17.5 pp | Ethiopia higher |
Ethiopia's corporate tax rate is 17.5pp higher than Cyprus's (30% vs 12.5%). The 201-country average is 22.6%: Cyprus sits below it, Ethiopia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Ethiopia | 15% | Source: PWC Worldwide Tax Summaries — Ethiopia (Corporate, Other taxes) · as of 2026-07-15 |
| Difference | +4 pp | Cyprus higher |
Cyprus's VAT rate is 4pp higher than Ethiopia's (19% vs 15%). The 181-country average is 15%: Cyprus sits above it, Ethiopia matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Ethiopia | 15% | Source: PwC Worldwide Tax Summaries — Ethiopia, Corporate - Other taxes · as of 2026-07-15 |
| Difference | −15 pp | Ethiopia higher |
Ethiopia's capital gains tax rate is 15pp higher than Cyprus's (15% vs 0%). The 175-country average is 10.3%: Cyprus sits below it, Ethiopia 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 |
| Ethiopia | 0% | Source: PWC Worldwide Tax Summaries — Ethiopia (Individual, Other taxes) · as of 2026-07-15 |
| Difference | 0 pp | displayed rates match |
Cyprus's wealth tax rate is identical to Ethiopia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.