Cyprus Self-Employed Contributions and 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.
Result
- 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%
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 income, between the occupation's minimum and the maximum insurable earnings (€68,904 for 2026). It is paid quarterly.
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.
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Sources and rule validity
Rules for tax year 2026 · Last verified: 2 September 2026
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