2025
2026
Tax Deductions & Reliefs
Enter the number of dependent children. (1st: €1,000, 2nd: €1,250, 3rd+: €1,500)
Max €2,000
Max €1,000
Max €500
2026 Incentives apply only if Tax Year 2026 is selected.
Insurance is deductible up to certain caps (2% gross for health, 1/5 or 1/6 total deduction limit).
Net Pay
| Net Monthly | – |
|---|---|
| Net Annual | – |
Deductions
| Social Insurance | – |
|---|---|
| Gesy | – |
| Income Tax | – |
| Tax Deductions | – |
| Provident Fund | – |
| Gesy on Rent | – |
| Income Tax on Rent | – |
| Defense (SDC) on Rent | – |
Breakdown
| Gross Annual | – |
|---|---|
| Taxable Income | – |
| Effective Tax Rate | – |
Deduction Composition
Tax Breakdown by Bracket
Computed dynamically from your taxable income and chosen bands.
| Start | End | Rate | Tax Deducted |
|---|---|---|---|
| Total | – | ||
Employment vs Rental
| Employment Gross Annual | – |
|---|---|
| Rental Gross Annual | – |
| Employment Net / month | – |
| Rental Net / month | – |
| Monthly Net (pay month + rent) | – |
| Total Net Annual | – |
Total Net / calendar month is the average across 12 calendar months (rent spread evenly).
Monthly Breakdown (Simulation)
Cyprus Tax Facts (2025-2026)
Social Insurance
Employees contribute 8.8% on their gross earnings. This is deducted before Income Tax calculation.
GHS (Gesy)
A 2.65% contribution supports the General Healthcare System. It is applied to your gross income.
Income Tax (2026 Reform)
The proposed reform increases the tax-free threshold to €22,000 (from €19,500) and adjusts brackets to reduce the tax burden for middle-income earners.
Tax Deductions
You can reduce your taxable income through life insurance, health insurance, and – starting in 2026 – credits for children and green investments.