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Ukraine vs Cyprus
Tax Rate Comparison

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

๐Ÿ‡บ๐Ÿ‡ฆ Ukraine
vs
๐Ÿ‡จ๐Ÿ‡พ Cyprus
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
18%
Flat 18% + military levy; post-war fiscal reconstruction pending
No change
0โ€“35%
35% top; non-dom regime reviewed but maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
20% VAT stable; reconstruction imports may have special rules
No change
5โ€“19%
19% standard maintained
No change
Corporate Tax Rate
Corporate Tax Rate
18%
18% CIT; reconstruction incentives expected post-conflict
No change
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
18%
18% + applicable military levies
No change
20%
20% immovable property; shares exempt
No change
Social Security & Payroll
Social Security / Payroll
22%
22% ESV; social safety net restructuring post-war
No change
~23.8%
GeSY system bedding in; contribution rates stable
No change
State, Regional & Local Taxes

๐Ÿ‡บ๐Ÿ‡ฆ Ukraine โ€” Local Council Taxes

Ukraine's 27 oblasts and the city of Kyiv have limited independent taxing powers โ€” income tax is national. Local councils set rates for land tax (0.01%โ€“3% 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 (1โ€“3 groups) are nationally set with simplified rates. Wartime conditions have significantly altered tax collection and enforcement. The simplified system (ั”ะดะธะฝะธะน ะฟะพะดะฐั‚ะพะบ) covers ~60% of registered entrepreneurs.

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.

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.

Ukraine vs Cyprus: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus has a higher top income tax rate (18% vs 0โ€“35%). ๐Ÿ‡บ๐Ÿ‡ฆ Ukraine is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Ukraine has a higher consumption tax (20% vs 5โ€“19%).

๐Ÿข Corporate Tax: ๐Ÿ‡จ๐Ÿ‡พ Cyprus offers a lower corporate rate (12.5% vs 18%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡บ๐Ÿ‡ฆ Ukraine taxes investment gains at a lower rate (18% vs 20%), benefiting investors.

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