Cyprus Income Tax Calculator 2026
Enter your income per month or per year and your deductible contributions. The calculator shows tax per band for 2026, per month, and the difference from 2025.
Written and maintained by Antonis Katsonis · Rules for tax year 2026 · Last verified: 2 September 2026
Result
Under the new bands everyone earning above €19,500 pays less tax than in 2025. On €30,000 a year the difference is €500.
On €34,800 a year you pay €2,700 in tax, or €225 per salary payment. You save €700 a year compared with the 2025 bands.
- Tax per salary payment
- €225.00
- Annual gross income
- €34,800.00
- Tax under 2025 bands
- €3,400.00
- What you save in 2026
- €700.00
- Taxable income
- €34,800.00
- Tax as a share of income
- 7.8%
- Rate on your next euro (marginal)
- 25.0%
- Income after tax (per year)
- €32,100.00
- 20% band (€22,000 – €32,000)
- €2,000.00
- 25% band (€32,000 – €42,000)
- €700.00
The result is an estimate for information only and is not tax, legal or financial advice.
How it is calculated
Taxable income = total income minus deductible contributions (social insurance, GESY, provident fund, life insurance), capped at one fifth of income.
Tax is progressive: each slice of income is taxed at its own band's rate, not the whole income at one rate. In 2026 every band moved upwards.
Rate 2026 bands 2025 bands 0% up to €22,000 up to €19,500 20% €22,001 –
€32,000€19,501 –
€28,00025% €32,001 –
€42,000€28,001 –
€36,30030% €42,001 –
€72,000€36,301 –
€60,00035% above €72,000 above €60,000
Worked example
| I enter amounts | Per year |
| Gross income | €45,000 |
| Dependent children (up to 18, or 24 if studying) | 2 |
| Home loan interest or rent for your main home per year | €1,800 |
| Tax 2026 (per year) | €4,237.50 |
| Tax per month | €353.13 |
| Annual gross income | €45,000.00 |
| Tax under 2025 bands | €6,385.00 |
| What you save in 2026 | €2,147.50 |
| Taxable income | €40,950.00 |
| 2026 deductions (children, housing, green, insurance) | €4,050.00 |
| Tax as a share of income | 9.4% |
| Rate on your next euro (marginal) | 25.0% |
| Income after tax (per year) | €40,762.50 |
| 20% band (€22,000 – €32,000) | €2,000.00 |
| 25% band (€32,000 – €42,000) | €2,237.50 |
Frequently asked questions
Which income do I enter?
All taxable income: salaries, business profits, rents (after the 20% deduction), pensions. Dividends and interest are excluded: they are taxed separately under Special Defence Contribution (5% on dividends and 17% on interest from 2026) plus GESY.
What are the new 2026 deductions for families?
From 2026 you can deduct: €1,000 for the first child, €1,250 for the second and €1,500 for each further child (children up to 18, or 24 if studying), up to €2,000 of home loan interest or rent for your main home, up to €1,000 of green spending and up to €500 of home insurance against natural disasters. The child, housing and green amounts are granted to each parent separately and doubled for single parents. They require family income up to €100,000 (€150,000 with 3 or 4 children, €200,000 with 5+, and €40,000 for a single person without children). Enter them under “More options”.
Do I need to do anything to get the deductions?
Yes. The deductions are granted only through a tax return filed on time via TAX For All, with the supporting documents (birth certificates, interest statement or rental contract, receipts). Employees can also declare them to their employer so they apply in payroll every month.
Are social insurance contributions deductible?
Yes, together with GESY, provident fund and life insurance premiums, up to one fifth of income.
Related calculators
Sources and rule validity
- Tax Department – personal income tax
- PwC Cyprus – Tax Reform bills published (Direct Tax Update N-1-2026)
Rules for tax year 2026 · Last verified: 2 September 2026
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