Cyprus or Russia: which taxes less?

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

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

Tax Cyprus Russia Gap
Corporate income tax headline rate 15% 25% −10.0 points
Personal income tax top bracket 0% to 35% 13% to 22% +13.0 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%

Russia

General rate from January 1, 2025 25%
IT companies until 2030 5%
Radio electronics until 2027 8%

Personal income tax

Cyprus

n/a

Russia

Up to 2.4 M RUB 13%
2.4 to 5 M RUB 15%
5 to 20 M RUB 18%
20 to 50 M RUB 20%
Over 50 M RUB 22%
See the Cyprus page See the Russia page