CY · EuropeRU · Europe
Cyprus vs Russia: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Russia's (22%) by 13pp. The 200-country average is 28%: Cyprus sits above it, Russia sits below it.
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 | RU | Difference |
|---|---|---|---|
| Income Tax | 35% | 22% | CY +13 pp |
| Corporate Tax | 12.5% | 25% | RU +12.5 pp |
| VAT | 19% | 22% | RU +3 pp |
| Capital Gains Tax | 0% | 15% | RU +15 pplargest gap |
| Crypto Tax | 8% | 15% | RU +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 |
| Russia | 22% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | +13 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Russia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −12.5 pp | Russia higher |
Between the two, Russia's corporate tax rate (25%) tops Cyprus's (12.5%) by 12.5pp. The 201-country average is 22.6%: Cyprus sits below it, Russia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Russia | 22% | Source: Federal Tax Service of Russia (FNS) — VAT rate transition guidance · as of 2026-01-01 |
| Difference | −3 pp | Russia higher |
Between the two, Russia's VAT rate (22%) tops Cyprus's (19%) by 3pp. 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 |
| Russia | 15% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | −15 pp | Russia higher |
Between the two, Russia's capital gains tax rate (15%) tops Cyprus's (0%) by 15pp. The 175-country average is 10.3%: Cyprus sits below it, Russia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Russia | 15% | Source: Налоговый кодекс РФ, часть вторая — Глава 23 (Налог на доходы физических лиц), Статьи 210 и 224 · as of 2026-01-01 |
| Difference | −7 pp | Russia higher |
Between the two, Russia's crypto tax rate (15%) tops Cyprus's (8%) by 7pp. The 88-country average is 13%: Cyprus sits below it, Russia 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 |
| Russia | 0% | Source: Tax Code of the Russian Federation, Part Two (official consolidated text via KonsultantPlus legal reference database) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Russia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.