Cyprus Self-Employed Tax Calculator 2026
Enter revenue and business expenses, per month or per year. The calculation uses actual annual profit, subject to the maximum insurable earnings.
Written and maintained by Antonis Katsonis · Rules for tax year 2026 · Last verified: 2 September 2026
Result
Contributions are paid quarterly; income tax is prepaid in two instalments, end of July and end of December.
From a profit of €40,000 you keep €29,760 a year, about €2,480 a month. You pay €6,640 social insurance, €1,600 GESY and €2,000 tax.
- Net per month
- €2,480.00
- Profit (revenue − expenses)
- €40,000.00
- Social insurance (16.6%)
- €6,640.00
- Per quarter
- €1,660.00
- GESY (4%)
- €1,600.00
- Taxable income
- €32,000.00
- Income tax
- €2,000.00
- Total burden
- 25.6%
Social insurance was calculated on actual profit. If that is below the minimum insurable income for your occupation, contributions will be higher.
The result is an estimate for information only and is not tax, legal or financial advice.
How it is calculated
Self-employed social insurance is 16.6% of insurable income, paid quarterly. The calculator applies it to your actual profit, up to the maximum insurable earnings (€68,904 for 2026). Each occupation also has a minimum insurable income: if your profit is below it you pay on the minimum, unless you prove the lower income to Social Insurance Services.
GESY is 4% of income, capped at €180,000. Both contributions are deductible from taxable income (up to one fifth).
The 2026 income tax bands then apply, with €22,000 tax-free.
Worked example
| Revenue | €45,000 |
| Business expenses | €5,000 |
| Net income per year | €29,760.00 |
| Net per month | €2,480.00 |
| Profit (revenue − expenses) | €40,000.00 |
| Social insurance (16.6%) | €6,640.00 |
| Per quarter | €1,660.00 |
| GESY (4%) | €1,600.00 |
| Taxable income | €32,000.00 |
| Income tax | €2,000.00 |
| Total burden | 25.6% |
Frequently asked questions
What is the minimum insurable income?
Each occupation has a minimum weekly amount on which contributions are due even if actual income is lower. If your profit is below it, contributions will be higher than shown.
Is a company better than self-employment?
It depends on profit and non-dom status. Above roughly €50,000 profit it is usually worth reviewing with an accountant.
Related calculators
Sources and rule validity
Rules for tax year 2026 · Last verified: 2 September 2026
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