Cyprus vs Canada
Corporate Tax Comparison
Time of Update: Cyprus: 4/05/2026 / Canada: 4/04/2026
Compare Cyprus and Canada corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Cyprus vs Canada Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Cyprus
Canada
General CIT Rate:
12.5
General CIT Rate:
Federal corporate income tax: 15%. Provincial and territorial CITs range from 8% to 16%.
CIT Return Due Date:
Tax due on March 31 of the second year after the calendar year.
CIT Return Due Date:
After six months from the end of the company's fiscal year.
CIT Payment Due Date:
The relevant tax is due on August 1 of the year following the calendar year.
CIT Payment Due Date:
Typically, two months after the end of the company's tax year.
CIT Estimated Payment Due Date:
Payment in installments of equal amounts on July 31 and December 31 of the relevant tax/calendar year.
CIT Estimated Payment Due Date:
Tax installment payments are usually due on the last day of each month.
Withholding Tax (WHT)
Cyprus
Canada
Resident Withholding Tax (Dividend/Interest/Royalty):
0/17/0
Resident Withholding Tax (Dividend/Interest/Royalty):
N/A
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/10
None-Resident Withholding Tax (Dividend/Interest/Royalty):
25/25/25
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Cyprus
Canada
General Capital Gain Tax Rate:
20
General Capital Gain Tax Rate:
Half of the capital gains are considered as taxable capital gains, recorded as company income and taxed at the regular tax rate.
Effective Tax Rate (ETR)
Cyprus
Canada
Composite Effective Average Tax Rate:
11.4%
Composite Effective Average Tax Rate:
23.74
Composite Effective Marginal Tax Rate:
5.92%
Composite Effective Marginal Tax Rate:
13.74
