CY · EuropeJP · Asia
Cyprus vs Japan: tax rates compared
Between the two, Japan's income tax rate (55.9%) tops Cyprus's (35%) by 20.9pp. The 200-country average is 28%: both sit above it. Cyprus's figure is dated 2026-05-18 and Japan'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 | JP | Difference |
|---|---|---|---|
| Income Tax | 35% | 55.9% | JP +20.9 pp |
| Corporate Tax | 12.5% | 29.7% | JP +17.2 pp |
| VAT | 19% | 10% | CY +9 pp |
| Capital Gains Tax | 0% | 20.3% | JP +20.3 pp |
| Crypto Tax | 8% | 55% | JP +47 pplargest gap |
| 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 |
| Japan | 55.9% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −20.9 pp | Japan higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Japan | 29.7% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −17.2 pp | Japan higher |
Between the two, Japan's corporate tax rate (29.7%) tops Cyprus's (12.5%) by 17.2pp. The 201-country average is 22.6%: Cyprus sits below it, Japan sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Japan | 10% | Source: PWC Worldwide Tax Summaries — Japan (Corporate, Other taxes) · as of 2026-01-13 |
| Difference | +9 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Japan's (10%) by 9pp. The 181-country average is 15%: Cyprus sits above it, Japan sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Japan | 20.3% | Source: PWC Worldwide Tax Summaries — Japan (Individual, Income determination) · as of 2026-01-13 |
| Difference | −20.3 pp | Japan higher |
Between the two, Japan's capital gains tax rate (20.3%) tops Cyprus's (0%) by 20.3pp. The 175-country average is 10.3%: Cyprus sits below it, Japan sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Japan | 55% | Source: PWC Japan — Japan Tax Update: Overview of 2026 Tax Reform Proposals (December 2025) · as of 2025-12-19 |
| Difference | −47 pp | Japan higher |
Between the two, Japan's crypto tax rate (55%) tops Cyprus's (8%) by 47pp. The 88-country average is 13%: Cyprus sits below it, Japan sits above it. Cyprus's figure is dated 2026-05-18 and Japan's 2025-12-19, 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 |
| Japan | 0% | Source: PWC Worldwide Tax Summaries — Japan (Individual, Other taxes) · as of 2026-01-13 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Japan both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.