CY · EuropeSK · Europe
Cyprus vs Slovakia: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Slovakia's (25%) by 10pp. The 200-country average is 28%: Cyprus sits above it, Slovakia sits below it. Cyprus's figure is dated 2026-05-18 and Slovakia'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 | SK | Difference |
|---|---|---|---|
| Income Tax | 35% | 25% | CY +10 pp |
| Corporate Tax | 12.5% | 24% | SK +11.5 pp |
| VAT | 19% | 23% | SK +4 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 8% | 35% | SK +27 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 |
| Slovakia | 25% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +10 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Slovakia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −11.5 pp | Slovakia higher |
Between the two, Slovakia's corporate tax rate (24%) tops Cyprus's (12.5%) by 11.5pp. The 201-country average is 22.6%: Cyprus sits below it, Slovakia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Slovakia | 23% | Source: Finančná správa Slovenskej republiky — Sadzby dane (VAT rates) · as of 2025-01-01 |
| Difference | −4 pp | Slovakia higher |
Between the two, Slovakia's VAT rate (23%) tops Cyprus's (19%) by 4pp. The 181-country average is 15%: both sit above it. Cyprus's figure is dated 2026-05-18 and Slovakia's 2025-01-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Income determination) · as of 2026-01-20 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Slovakia both post a capital gains tax rate of 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 |
| Slovakia | 35% | Source: Slov-Lex — Zákon č. 595/2003 Z. z. o dani z príjmov (znenie účinné od 1.1.2026), §2, §4, §8, §9 a §15 · as of 2026-01-01 |
| Difference | −27 pp | Slovakia higher |
Between the two, Slovakia's crypto tax rate (35%) tops Cyprus's (8%) by 27pp. The 88-country average is 13%: Cyprus sits below it, Slovakia 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 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Other taxes) · as of 2026-01-20 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Slovakia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.