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Cyprus vs Thailand: tax rates compared

Cyprus and Thailand share the same income tax rate: 35%. The 200-country average is 28%: both sit above 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

six shared taxes, side by side
Tax	CY	TH	Difference
Income Tax	35%	35%	match
Corporate Tax	12.5%	20%	TH +7.5 pp
VAT	19%	7%	CY +12 pplargest gap
Capital Gains Tax	0%	0%	match
Crypto Tax	8%	15%	TH +7 pp
Wealth Tax	0%	0%	match

Income Tax, side by side
Country	Rate	Source
Cyprus	35%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18
Thailand	35%	Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02
Difference	0 pp	displayed rates match

Corporate Tax, side by side
Country	Rate	Source
Cyprus	12.5%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Thailand	20%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference	−7.5 pp	Thailand higher

Thailand has a corporate tax rate of 20%, 7.5pp above Cyprus's 12.5%. The 201-country average is 22.6%: both sit below it.

VAT, side by side
Country	Rate	Source
Cyprus	19%	Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18
Thailand	7%	Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02
Difference	+12 pp	Cyprus higher

Cyprus has a VAT rate of 19%, 12pp above Thailand's 7%. The 181-country average is 15%: Cyprus sits above it, Thailand sits below it.

Capital Gains Tax, side by side
Country	Rate	Source
Cyprus	0%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18
Thailand	0%	Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02
Difference	0 pp	displayed rates match

Cyprus and Thailand share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.

Crypto Tax, side by side
Country	Rate	Source
Cyprus	8%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18
Thailand	15%	Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02
Difference	−7 pp	Thailand higher

Thailand has a crypto tax rate of 15%, 7pp above Cyprus's 8%. The 88-country average is 13%: Cyprus sits below it, Thailand sits above it.

Wealth Tax, side by side
Country	Rate	Source
Cyprus	0%	Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18
Thailand	0%	Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02
Difference	0 pp	displayed rates match

Cyprus and Thailand share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.