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Cyprus vs Grenada: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Grenada's (30%) by 5pp. 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 | GD | Difference |
|---|---|---|---|
| Income Tax | 35% | 30% | CY +5 pp |
| Corporate Tax | 12.5% | 28% | GD +15.5 pplargest gap |
| VAT | 19% | 15% | CY +4 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 8% | 0% | CY +8 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Difference | +5 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15.5 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Cyprus's (12.5%) by 15.5pp. The 201-country average is 22.6%: Cyprus sits below it, Grenada sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Difference | +4 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Grenada's (15%) by 4pp. The 181-country average is 15%: Cyprus sits above it, Grenada matches the world average. Cyprus's figure is dated 2026-05-18 and Grenada's 2010-02-01, 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 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Grenada 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 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | +8 pp | Cyprus higher |
Between the two, Cyprus's crypto tax rate (8%) tops Grenada's (0%) by 8pp. The 88-country average is 13%: both sit below it.
Not covered for both countries yet: Wealth Tax.