The Sales Tax Rate in Cyprus stands at 19 percent. Sales Tax Rate in Cyprus averaged 16.38 percent from 2000 until 2023, reaching an all time high of 19.00 percent in 2014 and a record low of 10.00 percent in 2001. source: Inland Revenue Department of the Republic of Cyprus

Sales Tax Rate in Cyprus is expected to reach 19.00 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Sales Tax Rate - VAT is projected to trend around 19.00 percent in 2025, according to our econometric models.

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Cyprus Sales Tax Rate - VAT

Related Last Previous Unit Reference
Corporate Tax Rate 12.50 12.50 percent Dec 2023
Personal Income Tax Rate 35.00 35.00 percent Dec 2023
Sales Tax Rate 19.00 19.00 percent Dec 2023
Social Security Rate 17.60 16.60 percent Dec 2024
Social Security Rate For Companies 8.80 8.30 percent Dec 2024
Social Security Rate For Employees 8.80 8.30 percent Dec 2024

Cyprus Sales Tax Rate - VAT
In Cyprus, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Cyprus.
Actual Previous Highest Lowest Dates Unit Frequency
19.00 19.00 19.00 10.00 2000 - 2023 percent Yearly