CY · EuropeMV · Asia
Cyprus vs Maldives: tax rates compared
Cyprus's income tax rate is 20pp higher than Maldives's (35% vs 15%). The 200-country average is 28%: Cyprus sits above it, Maldives sits below it. Cyprus's figure is dated 2026-05-18 and Maldives's 2020-01-01, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CY | MV | Difference |
|---|---|---|---|
| Income Tax | 35% | 15% | CY +20 pplargest gap |
| Corporate Tax | 12.5% | 15% | MV +2.5 pp |
| VAT | 19% | 8% | CY +11 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 |
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| 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 |
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2.5 pp | Maldives higher |
Maldives's corporate tax rate is 2.5pp higher than Cyprus's (15% vs 12.5%). 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 |
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Difference | +11 pp | Cyprus higher |
Cyprus's VAT rate is 11pp higher than Maldives's (19% vs 8%). The 181-country average is 15%: Cyprus sits above it, Maldives sits below it. Cyprus's figure is dated 2026-05-18 and Maldives's 2023-01-01, 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 |
| Maldives | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 (content current as of 1 October 2025, published February 2026) — Maldives chapter · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Cyprus's wealth tax rate is identical to Maldives's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Cyprus's figure is dated 2026-05-18 and Maldives's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.