Cyprus or Morocco: which taxes less?

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

Lighter: Cyprus, ahead by 0.6 FiScore point.

Tax Cyprus Morocco Gap
Corporate income tax headline rate 15% 20% −5.0 points
Personal income tax top bracket 0% to 35% 0% to 37% −2.0 points
VAT standard rate 19% 20% −1.0 points

Detailed schedules

Corporate income tax

Cyprus

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

Morocco

Profit under 100 M MAD 20%
Profit of 100 M MAD and over 35%
Banks and insurance Bank Al-Maghrib, CDG, insurance and reinsurance 40%
See the Cyprus page See the Morocco page