CY · EuropeNO · Europe
Cyprus vs Norway: tax rates compared
Norway has an income tax rate of 39.7%, 4.7pp above Cyprus's 35%. The 200-country average is 28%: both sit above it. Cyprus's figure is dated 2026-05-18 and Norway'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 | NO | Difference |
|---|---|---|---|
| Income Tax | 35% | 39.7% | NO +4.7 pp |
| Corporate Tax | 12.5% | 22% | NO +9.5 pp |
| VAT | 19% | 25% | NO +6 pp |
| Capital Gains Tax | 0% | 37.8% | NO +37.8 pplargest gap |
| Crypto Tax | 8% | 22% | NO +14 pp |
| Wealth Tax | 0% | 1.1% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −4.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −9.5 pp | Norway higher |
Norway has a corporate tax rate of 22%, 9.5pp above Cyprus's 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 |
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Difference | −6 pp | Norway higher |
Norway has a VAT rate of 25%, 6pp above Cyprus's 19%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Difference | −37.8 pp | Norway higher |
Norway has a capital gains tax rate of 37.8%, 37.8pp above Cyprus's 0%. The 175-country average is 10.3%: Cyprus sits below it, Norway sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Norway | 22% | Source: Norwegian Tax Administration (Skatteetaten) — Skatte-ABC, V-13-3.4 Realisasjon (virtual assets — realization) · as of 2026-01-01 |
| Difference | −14 pp | Norway higher |
Norway has a crypto tax rate of 22%, 14pp above Cyprus's 8%. The 88-country average is 13%: Cyprus sits below it, Norway 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 |
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Difference | −1.1 pp | Norway higher |
Norway has a wealth tax rate of 1.1%, 1.1pp above Cyprus's 0%. The 193-country average is 0.1%: Cyprus sits below it, Norway sits above it.