CY · EuropeHK · Asia
Cyprus vs Hong Kong: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Hong Kong's (17%) by 18pp. The 200-country average is 28%: Cyprus sits above it, Hong Kong sits below it. Cyprus's figure is dated 2026-05-18 and Hong Kong's 2025-12-31, 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 | HK | Difference |
|---|---|---|---|
| Income Tax | 35% | 17% | CY +18 pp |
| Corporate Tax | 12.5% | 16.5% | HK +4 pp |
| VAT | 19% | 0% | CY +19 pplargest gap |
| 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 |
| Hong Kong | 17% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Taxes on personal income) · as of 2025-12-31 |
| Difference | +18 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Hong Kong | 16.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Hong Kong higher |
Between the two, Hong Kong's corporate tax rate (16.5%) tops Cyprus's (12.5%) by 4pp. 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 |
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | +19 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Hong Kong's (0%) by 19pp. The 181-country average is 15%: Cyprus sits above it, Hong Kong sits below it. Cyprus's figure is dated 2026-05-18 and Hong Kong's 2025-12-31, 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 |
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Income determination) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Hong Kong 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 Hong Kong's 2025-12-31, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Hong Kong | 0% | Source: Hong Kong Inland Revenue Department — Departmental Interpretation and Practice Notes No. 39 (Revised): Digital Economy, Electronic Commerce and Digital Assets · as of 2020-03-01 |
| Difference | +8 pp | Cyprus higher |
Between the two, Cyprus's crypto tax rate (8%) tops Hong Kong's (0%) by 8pp. The 88-country average is 13%: both sit below it. Cyprus's figure is dated 2026-05-18 and Hong Kong's 2020-03-01, 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 |
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Other taxes) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Hong Kong 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 Hong Kong's 2025-12-31, so the two rates come from different data vintages.