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Cyprus vs Singapore
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‡ธ๐Ÿ‡ฌ Singapore
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
0โ€“24%
Stable; top bracket review under consideration
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5โ€“19%
19% standard maintained
No change
9%
No further GST increases planned
No change
Corporate Tax Rate
Corporate Tax Rate
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
17%
Global Minimum Tax compliance ongoing
No change
Capital Gains Tax
Capital Gains Tax
20%
20% immovable property; shares exempt
No change
0%
No capital gains tax
No change
Social Security & Payroll
Social Security / Payroll
~23.8%
GeSY system bedding in; contribution rates stable
No change
37%
CPF adequacy review; contribution rates stable
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‡ธ๐Ÿ‡ฌ Singapore โ€” City-State โ€” No Sub-National Variation

As a city-state, Singapore has no states or regions to create tax variation. Property tax is levied at progressive rates (0โ€“32% owner-occupied; 12% investment/commercial). CPF (Central Provident Fund) contributions serve as combined social security and retirement savings. There is no inheritance tax or capital gains tax.

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 Singapore: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus has a higher top income tax rate (0โ€“35% vs 0โ€“24%). ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Cyprus has a higher consumption tax (5โ€“19% vs 9%).

๐Ÿข Corporate Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus offers a lower corporate rate (12.5% vs 17%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore taxes investment gains at a lower rate (0% vs 20%), benefiting investors.

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