CY · EuropeNZ · Oceania
Cyprus vs New Zealand: tax rates compared
New Zealand's income tax rate is 4pp higher than Cyprus's (39% vs 35%). The 200-country average is 28%: both sit above it. Cyprus's figure is dated 2026-05-18 and New Zealand'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 | NZ | Difference |
|---|---|---|---|
| Income Tax | 35% | 39% | NZ +4 pp |
| Corporate Tax | 12.5% | 28% | NZ +15.5 pp |
| VAT | 19% | 15% | CY +4 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 8% | 39% | NZ +31 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 |
| New Zealand | 39% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −4 pp | New Zealand higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| New Zealand | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15.5 pp | New Zealand higher |
New Zealand's corporate tax rate is 15.5pp higher than Cyprus's (28% vs 12.5%). The 201-country average is 22.6%: Cyprus sits below it, New Zealand sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| New Zealand | 15% | Source: PWC Worldwide Tax Summaries — New Zealand (Corporate, Other taxes) · as of 2026-07-06 |
| Difference | +4 pp | Cyprus higher |
Cyprus's VAT rate is 4pp higher than New Zealand's (19% vs 15%). The 181-country average is 15%: Cyprus sits above it, New Zealand matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| New Zealand | 0% | Source: PWC Worldwide Tax Summaries — New Zealand (Individual, Income determination) · as of 2026-07-06 |
| Difference | 0 pp | displayed rates match |
Cyprus's capital gains tax rate is identical to New Zealand's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| New Zealand | 39% | Source: Inland Revenue (IRD) — "Crypto investors urged to get tax compliant" · as of 2026-04-20 |
| Difference | −31 pp | New Zealand higher |
New Zealand's crypto tax rate is 31pp higher than Cyprus's (39% vs 8%). The 88-country average is 13%: Cyprus sits below it, New Zealand sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| New Zealand | 0% | Source: PWC Worldwide Tax Summaries — New Zealand (Net wealth/worth tax rates) · as of 2026-07-06 |
| Difference | 0 pp | displayed rates match |
Cyprus's wealth tax rate is identical to New Zealand's — both sit at 0%. The 193-country average is 0.1%: both sit below it.