Cyprus or Lithuania: which taxes less?

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

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

Tax Cyprus Lithuania Gap
Corporate income tax headline rate 15% 17% −2.0 points
Personal income tax top bracket 0% to 35% 20% to 32% +3.0 points
VAT standard rate 19% 21% −2.0 points

Detailed schedules

Corporate income tax

Cyprus

General regime since 1 January 2026 15%
Eligible intellectual property income IP Box regime 2.5%

Lithuania

n/a

See the Cyprus page See the Lithuania page