Singapore vs Cyprus
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇸🇬 Singapore — City-State — 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 (0–32% 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.
🇨🇾 Cyprus — 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.
Singapore vs Cyprus: Key Tax Differences (2026)
💰 Income Tax: 🇨🇾 Cyprus has a higher top income tax rate (0–24% vs 0–35%). 🇸🇬 Singapore is more favourable for high earners.
🛒 VAT/Sales Tax: Cyprus has a higher consumption tax (9% vs 5–19%).
🏢 Corporate Tax: 🇨🇾 Cyprus offers a lower corporate rate (12.5% vs 17%), which can influence business location decisions.
📈 Capital Gains: 🇸🇬 Singapore taxes investment gains at a lower rate (0% vs 20%), benefiting investors.