Income tax estimator (Cyprus)

For employees, the self-employed and pensioners who want a first view of tax year 2026 — before filing a tax return or before planning a budget and savings. The tool applies the bands and deductions in force from 1 January 2026.

It helps to have your last payslip or annual earnings statement, your life insurance statements showing the sum insured, your provident fund contributions and, if you have children, your total household income. If you know your yearly social insurance and GESY deductions, you can enter them instead of the automatic calculation.

If your payslip is a PDF, choose it at the top of the tool: the amounts (gross pay, social insurance, GESY, provident fund, tax withheld) are filled in for you. The file is read in your browser and is never uploaded; a scanned payslip (a photo) cannot be read, so you type the amounts yourself.

Sign in or create a free account to save results and share them with your advisor when you choose.

How to read the result

The main result is your estimated income tax for 2026. The tool shows step by step how it gets there: total gross income, social insurance and GESY, deductions within the 1/5 limit, the child deduction and other deductions, and finally the chargeable income to which the bands apply.

You also see what is left after tax, social insurance and GESY (per year and per month), your effective rate (tax ÷ income) and your marginal rate, the band of your last euro. If there is room left under the 1/5 limit, you see roughly how much each €100 of eligible premiums would reduce your tax. When an amount exceeds a limit, a note appears and only the limit counts.

What you can do next

• Carry your net monthly figure into the monthly budget.
• If there is room under the 1/5 limit, first check with the life cover quick guide whether your family’s protection is enough — the tax relief is an extra benefit, not a reason in itself.
• Keep receipts for every deduction (donations, premiums, rent or interest, green spending) and have the figures confirmed by an accountant before you file.
• Book an appointment to see how your premiums and contributions count for tax.

If you are signed in, you can save the result to My reports and, only if you choose to, send it to your advisor; nothing is shared automatically.

This is an estimate, not tax advice. It models one main activity with the 2026 rules as published, without approval by a tax professional; foreign pension exemptions, lump sums, capital gains and Special Defence Contribution on dividends and interest are not modelled. For your tax return, have the figures confirmed by an accountant or tax professional.

What changed in 2026

• New tax bands from 1 January 2026: up to €22,000 at 0%, €22,001–32,000 at 20%, €32,001–42,000 at 25%, €42,001–72,000 at 30% and above €72,000 at 35%.
• From 2026 there is a child allowance that is deducted from taxable income — not from the tax: €1,000 for the first child, €1,250 for the second and €1,500 for the third and each further child, provided household income does not exceed €100,000, €150,000 or €200,000 depending on the number of children. At a 20% marginal rate, a €1,000 deduction means about €200 less tax.
• New deductions for rent or mortgage interest on your main home, for home insurance against natural disasters and for green spending (energy upgrades, electric vehicles). Each has a maximum amount and, except for home insurance, a household income test; the tool applies them automatically.
• Maximum insurable earnings for social insurance in 2026 are €68,904 a year (€5,742 a month, €1,325 a week).

Also in force for 2026: social insurance contributions of 8.8% for employees and 16.6% for the self-employed; GESY at 2.65% on salaries and pensions and 4% for the self-employed, up to an income ceiling of €180,000; and life premiums deductible up to 7% of the sum insured, with total relief for life premiums, social insurance, GESY, provident and pension funds and medical funds capped at one fifth (20%) of chargeable income.