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Cyprus vs Georgia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡จ๐Ÿ‡พ Cyprus
vs
๐Ÿ‡ฌ๐Ÿ‡ช Georgia
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“35%
35% top; non-dom regime reviewed but maintained
No change
20%
Flat 20%; political pressure from EU candidacy reforms
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5โ€“19%
19% standard maintained
No change
18%
18% standard
No change
Corporate Tax Rate
Corporate Tax Rate
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
15%
15% distribution tax; Pillar Two considerations
No change
Capital Gains Tax
Capital Gains Tax
20%
20% immovable property; shares exempt
No change
5โ€“15%
5% dividend; capital gains as income
No change
Social Security & Payroll
Social Security / Payroll
~23.8%
GeSY system bedding in; contribution rates stable
No change
4%
Pension reform; mandatory system maturing
No change
State, Regional & Local Taxes

๐Ÿ‡จ๐Ÿ‡พ Cyprus โ€” Municipal & Community Taxes

Cyprus's 5 districts and 30+ municipalities/communities levy local taxes including immovable property tax (at municipal level after national IPT was abolished in 2017), refuse collection fees, and business licences. Nicosia and Limassol have the highest municipal charges. Cyprus is a major international financial centre offering non-dom status (no tax on dividends/interest for non-domiciled residents for 17 years), which attracts wealthy individuals. The IP Box regime offers 2.5% effective tax on qualifying IP income.

๐Ÿ‡ฌ๐Ÿ‡ช Georgia โ€” Municipal Taxes

Georgia's 64 municipalities (including Tbilisi) have limited independent taxing powers โ€” income tax is nationally set. Municipalities levy property tax (gแƒแƒ“แƒแƒกแƒแƒฎแƒแƒ“แƒ˜ qonebaze) at 0%โ€“1% of market value for individuals and 1% for legal entities. Vehicle annual fees and land tax are also locally determined. Georgia has a simple and low-tax system โ€” it introduced a flat 20% income tax in 2004 and has since maintained competitive rates. The Virtual Zone and Free Industrial Zone regimes offer significant corporate tax exemptions.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Cyprus vs Georgia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus has a higher top income tax rate (0โ€“35% vs 20%). ๐Ÿ‡ฌ๐Ÿ‡ช Georgia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Cyprus has a higher consumption tax (5โ€“19% vs 18%).

๐Ÿข Corporate Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus offers a lower corporate rate (12.5% vs 15%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฌ๐Ÿ‡ช Georgia taxes investment gains at a lower rate (15% vs 20%), benefiting investors.

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