Effective bank tax rate reached -17.4% in 2017 in Cyprus, according to the National Central Bank. This is 137% less than in the previous year.
Historically, effective bank tax rate in Cyprus reached an all time high of 46.8% in 2016 and an all time low of -28.2% in 2014.
Cyprus has been ranked 93rd within the group of 95 countries we follow in terms of effective bank tax rate.
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