Cyprus or Portugal: which taxes less?

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

Lighter: Cyprus, ahead by 1.5 FiScore point.

Tax Cyprus Portugal Gap
Corporate income tax headline rate 15% 19% −4.0 points
Personal income tax top bracket 0% to 35% 14.5% to 48% −13.0 points
VAT standard rate 19% 23% −4.0 points

Detailed schedules

Corporate income tax

Cyprus

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

Portugal

General regime 18% in 2027, 17% in 2028 19%
SMEs: first €50,000 of profit 15%
See the Cyprus page See the Portugal page