CY · EuropeTM · Asia
Cyprus vs Turkmenistan: tax rates compared
Between the two, Cyprus's corporate tax rate (12.5%) tops Turkmenistan's (8%) by 4.5pp. The 201-country average is 22.6%: both sit below it.
Verified data covers one of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CY | TM | Difference |
|---|---|---|---|
| Corporate Tax | 12.5% | 8% | CY +4.5 pp |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Turkmenistan | 8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +4.5 pp | Cyprus higher |
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.