The tax-to-GDP ratio in Cyprus saw a slight increase in 2024 , rising to 37.6 per cent from 37.5 per cent in 2023, according to data on taxation published by Eurostat.
The overall tax-to-GDP ratio, which is the sum of taxes and net social contributions as a percentage of gross domestic product ( GDP ), stood at 40.4 per cent in the EU in 2024, representing an increase from 39.9
