Cyprus or San Marino: which taxes less?

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

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

Tax Cyprus San Marino Gap
Corporate income tax headline rate 15% 17% −2.0 points
Personal income tax top bracket 0% to 35% 12% to 50% −15.0 points
VAT standard rate 19% 0% +19.0 points

Detailed schedules

Corporate income tax

Cyprus

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

San Marino

General income tax Single flat rate on taxable income 17%
See the Cyprus page See the San Marino page