Azores or Cyprus: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Azores and Cyprus weigh about the same on the taxpayer.

Tax Azores Cyprus Gap
Corporate income tax headline rate 14% 15% −1.0 points
Personal income tax top bracket 0% to 36.2% 0% to 35% +1.2 points
VAT standard rate 18% 19% −1.0 points

Detailed schedules

Corporate income tax

Azores

General regional regime 14%
SMEs: first 50,000 euros of profit 11.9%

Cyprus

General regime since 1 January 2026 15%
Eligible intellectual property income IP Box regime 2.5%
See the Azores page See the Cyprus page