CY · EuropeGG · Europe
Cyprus vs Guernsey: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Guernsey's (20%) by 15pp. The 200-country average is 28%: Cyprus sits above it, Guernsey sits below it. Cyprus's figure is dated 2026-05-18 and Guernsey's 2025-12-17, so the two rates come from different data vintages.
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 | GG | Difference |
|---|---|---|---|
| Income Tax | 35% | 20% | CY +15 pp |
| Corporate Tax | 12.5% | 0% | CY +12.5 pp |
| VAT | 19% | 0% | CY +19 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| 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 |
| Guernsey | 20% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Taxes on personal income · as of 2025-12-17 |
| Difference | +15 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Guernsey | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +12.5 pp | Cyprus higher |
Between the two, Cyprus's corporate tax rate (12.5%) tops Guernsey's (0%) by 12.5pp. 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 |
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Difference | +19 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Guernsey's (0%) by 19pp. The 181-country average is 15%: Cyprus sits above it, Guernsey sits below it. Cyprus's figure is dated 2026-05-18 and Guernsey's 2025-12-17, 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 |
| Guernsey | 0% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Income determination · as of 2025-12-17 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Guernsey both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it. Cyprus's figure is dated 2026-05-18 and Guernsey's 2025-12-17, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Guernsey both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Cyprus's figure is dated 2026-05-18 and Guernsey's 2025-12-17, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.