Tax Burden in Cyprus and the EU in 2024
November 3, 2025
In 2024, citizens and businesses in the EU paid more taxes and contributions relative to their income, reaching 40.4% of GDP. Cyprus ranked 14th, with a tax rate of 37.6%. The highest tax rates were recorded in countries like Denmark and France, while the lowest were in Ireland and Romania. The increase in tax revenue is attributed to revenue-raising policies and economic recovery. Tax revenues accounted for 87.8% of total government revenues in the EU.