Cyprus: Taxes on goods and services

The latest value from 2023 is 29.51 percent, a decline from 30.99 percent in 2022. In comparison, the world average is 32.78 percent, based on data from 88 countries. Historically, the average for Cyprus from 1972 to 2023 is 27.08 percent. The minimum value, 16.65 percent, was reached in 1977 while the maximum of 36.34 percent was recorded in 2004. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.