Cyprus vs Ukraine
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¨πΎ Cyprus β 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.
πΊπ¦ Ukraine β Local Council Taxes
Ukraine's 27 oblasts and the city of Kyiv have limited independent taxing powers β income tax is national. Local councils set rates for land tax (0.01%β3% of normative monetary value), real estate tax (up to 1.5% of minimum wage per sq.m.), and transport tax. Unified tax regimes for entrepreneurs (1β3 groups) are nationally set with simplified rates. Wartime conditions have significantly altered tax collection and enforcement. The simplified system (ΡΠ΄ΠΈΠ½ΠΈΠΉ ΠΏΠΎΠ΄Π°ΡΠΎΠΊ) covers ~60% of registered entrepreneurs.
Cyprus vs Ukraine: Key Tax Differences (2026)
π° Income Tax: π¨πΎ Cyprus has a higher top income tax rate (0β35% vs 18%). πΊπ¦ Ukraine is more favourable for high earners.
π VAT/Sales Tax: Ukraine has a higher consumption tax (5β19% vs 20%).
π’ Corporate Tax: π¨πΎ Cyprus offers a lower corporate rate (12.5% vs 18%), which can influence business location decisions.
π Capital Gains: πΊπ¦ Ukraine taxes investment gains at a lower rate (18% vs 20%), benefiting investors.