Cyprus income tax calculator 2026

Enter your gross income for the year and your deductions. You'll see the tax, your average rate and what's left after tax.

The tax reform applies from tax year 2026. The 2026 return is due by 31 July 2027.

How it's calculated

Social Insurance, GeSY, provident fund contributions and life insurance premiums come off income, up to 20% of it in total.
Within the income limits you also deduct children (€1,000, €1,250 and €1,500), rent or mortgage interest up to €2,000 and energy upgrades up to €1,000.
Home insurance against natural disasters is deductible up to €500, with no income test.
The bands are 0% up to €22,000, 20% up to €32,000, 25% up to €42,000, 30% up to €72,000 and 35% above.

An example

On taxable income of €40,000, the first €22,000 is tax-free. The next €10,000 pays 20% (€2,000) and the last €8,000 pays 25% (€2,000). The tax is €4,000.

Frequently asked questions

What are the income limits?

Gross income must not exceed €40,000 for a single person, €100,000 for a family with up to two children, €150,000 with three or four and €200,000 with five or more.

Who has to file a return from 2026?

Anyone with gross income, and every tax resident aged 25 to 70 even without income, according to the Tax Department's guide to the reform.

Are interest and dividends taxed on the bands?

No. The income tax law exempts an individual's interest and dividends. They pay the Special Defence Contribution and GeSY instead.