Tax
Income tax changes in 2026 and most people pay less. Work out your tax per month or per year, see the difference from 2025, and add or remove VAT from any amount.
Calculators
Good to know
- 1The tax-free allowance rises from €19,500 to €22,000 and the top 35% rate applies above €72,000.
- 2The standard VAT rate is 19%. The 9% rate covers restaurants and tourism, 5% food, medicines and books, and 3% a small list of items since 2023.
- 3Tax returns are filed online through TAXISnet, normally by the end of July of the following year.
Frequently asked questions
How much income tax will I pay in Cyprus in 2026?
The first €22,000 is tax free. Above that, tax is worked out in bands of 20%, 25%, 30% and 35%, where each rate applies only to the slice of income that falls inside that band. Your whole income is never taxed at the top rate.
What changed between 2025 and 2026?
The tax-free allowance rose from €19,500 to €22,000 and the band thresholds moved, with the 35% rate now starting above €72,000. For most employees that means a lower annual bill. The calculator shows the difference between the two years side by side.
What are the VAT rates in Cyprus?
The standard rate is 19%. The reduced 9% rate covers restaurants, hotels and transport, 5% covers food, medicines and books, and 3% applies to a short list of items introduced in 2023.
When is the tax return due?
Online through TAXISnet, normally by the end of July of the following year. The exact dates are announced each year by the Tax Department, and in some years an extension is granted.