Cyprus Tax Calculator 2026
Updated with 2026 Cyprus tax rules. Instant, accurate, and free.
Cyprus Income Tax Calculator
Cyprus has a progressive nature of its income tax system and which means that those with high income will pay a higher tax rate. The tax year is 1 January to 31 December, and all persons whose residence is in Cyprus are subject to taxation on worldwide income, although non-residents are subject to income taxation in Cyprus.
Cyprus Income Tax Rates for 2026
The income tax rates imposed on individuals in 2026 will be progressive as follows:
| Annual Income (€) | Tax Rate (%) | Tax Payable (€) |
|---|---|---|
| Up to €19,500 | 0% | – |
| €19,501 – €28,000 | 20% | €1,700 |
| €28,001 – €36,300 | 25% | €2,075 |
| €36,301 – €60,000 | 30% | €7,110 |
| Over €60,000 | 35% | – |
How the Cyprus Tax Calculator 2026 Works
Our Cyprus Tax Calculator 2026 is aimed to assist employees, self-employed, and expatriates in calculating their income tax immediately according to the newest tax regulations 2026.
Step 1: Enter Your Annual Salary
Begin by entering your total yearly income before tax.
Step 2: Select Your Employment Type
Select your status: Employee or Self-employed.
Step 3: Add Your Personal Details
Provide all your required personal details here.
Step 4: Click “Calculate My Tax”
Once all fields are complete, click the Calculate My Tax button.
Example Tax Calculations
| Scenario | Annual Income (€) | Taxable Income After Allowances (€) | Estimated Tax (€) | Key Notes |
|---|---|---|---|---|
| Single Employee | 30,000 | 28,500 | 2,700 | Standard personal allowance applied |
| Married with 2 Children | 50,000 | 46,000 | 6,200 | Dependent allowances reduce tax |
| Freelancer | 40,000 | 35,000 | 4,500 | Business expenses and contributions deducted |
| High-Income Earner | 120,000 | 110,000 | 30,500 | Business expenses and contributions are deducted |
Tax Deductions and Allowances in Cyprus (2026)
Cyprus has numerous tax deductions, allowances, and exemptions that are aimed at alleviating the tax burden on individuals and families.
1. Personal and Family Support Deductions
Deduct your taxable income based on allowance for dependents, children, or a non-working spouse.
2. Social Insurance and Pension Reliefs
Claim full deductions on social and pension fund contributions to lower your overall tax liability.
3. Medical & Healthcare Expense Benefits
Deduct verified medical, hospital, or health insurance expenses for yourself or dependents.
4. Charitable Tax Incentives
Get tax relief on approved donations and recognized professional expenses.
5. Mortgage Interest and Property Allowances
Receive deductions on home loan interest and maintenance of listed heritage properties.
6. Employment Income Exemptions
Enjoy special income exemptions for new residents and foreign professionals in Cyprus.