Effective bank tax rate reached 14.4% in first quarter of 2016 in Cyprus, according to the National Central Bank. This is 52.5% more than in the previous quarter.
Historically, effective bank tax rate in Cyprus reached an all time high of 85.1% in 4Q2014 and an all time low of -192% in 1Q2012.
Cyprus has been ranked 59th within the group of 83 countries we follow in terms of effective bank tax rate.
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