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Cyprus vs Hungary: tax rates compared
Cyprus has an income tax rate of 35%, 20pp above Hungary's 15%. The 200-country average is 28%: Cyprus sits above it, Hungary sits below it. Cyprus's figure is dated 2026-05-18 and Hungary's 2025-01-01, 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 | HU | Difference |
|---|---|---|---|
| Income Tax | 35% | 15% | CY +20 pplargest gap |
| Corporate Tax | 12.5% | 9% | CY +3.5 pp |
| VAT | 19% | 27% | HU +8 pp |
| Capital Gains Tax | 0% | 15% | HU +15 pp |
| Crypto Tax | 8% | 15% | HU +7 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 |
| Hungary | 15% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +20 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Hungary | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3.5 pp | Cyprus higher |
Cyprus has a corporate tax rate of 12.5%, 3.5pp above Hungary's 9%. 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 |
| Hungary | 27% | Source: PWC Worldwide Tax Summaries — Hungary (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −8 pp | Hungary higher |
Hungary has a VAT rate of 27%, 8pp above Cyprus's 19%. The 181-country average is 15%: both sit above it. Cyprus's figure is dated 2026-05-18 and Hungary'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 |
| Hungary | 15% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Income determination) · as of 2025-12-31 |
| Difference | −15 pp | Hungary higher |
Hungary has a capital gains tax rate of 15%, 15pp above Cyprus's 0%. The 175-country average is 10.3%: Cyprus sits below it, Hungary sits above it. Cyprus's figure is dated 2026-05-18 and Hungary'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 |
| Hungary | 15% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Income determination) · as of 2025-12-31 |
| Difference | −7 pp | Hungary higher |
Hungary has a crypto tax rate of 15%, 7pp above Cyprus's 8%. The 88-country average is 13%: Cyprus sits below it, Hungary sits above it. Cyprus's figure is dated 2026-05-18 and Hungary's 2025-12-31, 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 |
| Hungary | 0% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Other taxes) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Cyprus and Hungary share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Cyprus's figure is dated 2026-05-18 and Hungary's 2025-12-31, so the two rates come from different data vintages.