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Cyprus Tax Calculator 2026

Work out your net salary and take-home pay in Cyprus. Answer a few plain questions to see every tax you owe and what each one pays for.

Tax residency
About you

Are you a Cyprus tax resident in 2026?

How to answer

Count the days you are physically in Cyprus in the calendar year. More than 183 days makes you resident.

The 60-day rule works if, in the same year, you:

  • spend at least 60 days in Cyprus,
  • don't spend more than 183 days in any other single country,
  • work, run a business or are a director of a company in Cyprus, and
  • keep a home here (rented or owned) for the whole year.

Residents pay Cyprus tax on worldwide income. Non-residents pay only on Cyprus income, such as a Cyprus salary or a flat rented out here.

Domicile
About you

Are you "non-dom" (not domiciled in Cyprus)?

How to answer

This only matters if you receive dividends or interest. Non-doms pay no Special Defence Contribution (SDC) on them.

You are usually non-dom if your father's home country is not Cyprus and you have been tax resident here fewer than 17 of the last 20 years. After 17 years you become "deemed domiciled", unless you buy an extension (€250,000 per 5 years, new from 2026).

Income
Your income

Where does your money come from?

Pick everything you earn this year. We'll ask about each one next.

Salary
Your income

What is your gross salary?

Before any deductions, as written in your contract.

€/ month
First-job relief
Your income

Is this your first job in Cyprus, started in 2022 or later?

How to answer

50% relief. Your first job in Cyprus started on or after 1 Jan 2022, your salary is over €55,000 a year, and you were not resident in Cyprus for the 15 years before that job.

20% relief. Your first job in Cyprus started after 26 July 2022, and right before it you worked abroad for a non-Cyprus employer for at least 3 years in a row.

You get one or the other, once in a lifetime. Freelance work in Cyprus before the job can count as "first employment", so check with an advisor if that applies to you.

Freelance profit
Your income

What is your freelance profit for the year?

What clients paid you, minus business expenses.

€/ year
How to answer

Profit = invoices paid to you, minus expenses you need for the work (equipment, software, coworking, accountant).

Social insurance for the self-employed is 16.6%, and the Social Insurance Services set a minimum income per profession. If your real profit is below that minimum, you pay on the minimum, so the real figure may be a little higher than shown.

Dividends
Your income

How much in dividends do you receive?

From your own company or shares, Cyprus or foreign. Gross, before foreign withholding tax.

€/ year
How to answer

Dividends are not hit by income tax. Residents pay 2.65% GESY on them. If you are domiciled, you also pay SDC: 5% on dividends from 2026 profits, 17% on dividends from older profits paid out by the end of 2031. Non-doms pay no SDC.

Interest
Your income

How much interest do you receive?

Bank deposits, savings accounts, bonds. Gross amount.

€/ year
How to answer

Interest is taxed only through SDC (17%, or 3% on Cyprus/EU government and listed bonds) plus 2.65% GESY. Non-doms skip the SDC part.

Rental income
Your income

How much rent do you receive as a landlord?

€/ year
€/ year
How to answer

20% of the rent is deducted automatically for expenses, no receipts needed. Loan interest on the rented property is deducted on top. GESY of 2.65% is paid on the gross rent. SDC on rent was abolished in 2026.

Foreign pension
Your income

How much pension do you receive from abroad?

€/ year
How to answer

Each year you choose: normal tax bands, or a flat 5% on everything above €5,000. We pick the cheaper option for you and tell you which one.

Crypto gains
Your income

How much did you gain on crypto this year?

Profit from selling or swapping, after same-year crypto losses.

€/ year
How to answer

From 2026, crypto gains are taxed at a flat 8%. Losses can only offset crypto gains in the same year. Professional trading as a business may be taxed differently.

Household
Family and home

Who is in your household?

Children
Family and home

How many dependent children do you have?

Under 18, or students up to 23 (girls) and 24 (boys).

0
How the income limit works

Children, rent/mortgage and green deductions apply only if your total household income (you plus partner, before tax) is at most:

  • €40,000 if you are single
  • €100,000 for a couple or single parent with up to 2 children
  • €150,000 with 3 or 4 children
  • €200,000 with 5 or more

Each parent claims the child deductions separately: €1,000 for the first child, €1,250 for the second, €1,500 for each next one.

Home
Family and home

What do you spend on your home?

New 2026 deductions. Leave blank what doesn't apply.

€/ year
Up to €2,000 is deductible. For a mortgage, count only the interest.
€/ year
Solar panels, insulation, a new electric car. Up to €1,000.
€/ year
Up to €500, no income limit.
Insurance and donations
Last one

Do you pay for any of these?

Optional. They can lower your taxable income a little.

€/ year
€/ year
€/ year
€/ year
Why there is a limit

Social insurance, GESY, pension fund, life and health insurance together can reduce your taxable income by at most one fifth (20%). The calculator applies this cap. Pension fund counts up to 10% of salary, health insurance up to 2% of income.

Questions people ask

How do I calculate my net salary in Cyprus?

Start from your gross salary and take off three things: social insurance (8.8% for employees, on earnings up to €68,904 a year), GESY (2.65%) and income tax by the 2026 bands. What is left is your take-home pay. The 50% or 20% relief for new residents and the 2026 family deductions can cut the income tax a lot, so answer those questions above.

What are the income tax rates in Cyprus in 2026?

The first €22,000 a year is tax-free. Then 20% up to €32,000, 25% up to €42,000, 30% up to €72,000 and 35% above that. The bands apply to your yearly taxable income after reliefs and deductions.

Do I have to file a tax return?

From the 2026 tax year, every Cyprus tax resident aged 25 to 70 files a return, even with zero income. Anyone else with income files too. The 2026 return (form TD1) is due by 31 July 2027 through the Tax For All portal.

Why is the tax on my payslip different?

Your employer withholds tax every month using form TD59, where you declare your deductions. If you never gave your employer a TD59 with your children, rent or insurance, too much tax is taken and you get it back only after filing. Give the employer an updated TD59 to fix it from next month.

What does each contribution give me back?

Social insurance builds your Cyprus state pension and pays for sick leave, maternity and unemployment benefit. GESY gives you access to the public health system: a personal doctor, specialists, tests, medicines and hospital care for a small co-payment. Income tax and SDC go to the general state budget.

I moved to Cyprus in the middle of the year. Does this still work?

Enter only the income from the months you were resident, and check the residency question first. If you are resident, Cyprus taxes your worldwide income for the whole year, so income from before the move may also count. This is a case worth checking with an advisor.

What does this calculator not cover?
  • Company profits (corporate tax is 15% from 2026) and salary vs dividend planning
  • Capital gains on Cyprus property, and approved stock option schemes (8%)
  • Tax already paid abroad and double tax treaty credits
  • VAT, which applies once your turnover passes €15,600 in 12 months
  • Widow's pensions, lump sums and termination payments
Is this the official calculation?

No. It follows the 2026 rules published by the Cyprus Tax Department and the Social Insurance Services, but results are an estimate based on what you enter. The Tax Department's own tool is at taxtools.mof.gov.cy. For a decision that matters, get a professional to check.

Figures used: income tax bands 0% to €22,000, 20% to €32,000, 25% to €42,000, 30% to €72,000, 35% above. Social insurance 8.8% employee and 16.6% self-employed on earnings up to €68,904 (€5,742 a month). GESY 2.65% (4% self-employed) on income up to €180,000. SDC 5% on dividends, 17% on interest for domiciled residents. This is an estimate for information only and is not tax advice.