Cyprus Personal Income Tax 2021

Cyprus Personal Income Tax 2023

Cyprus is unique when it comes to the taxation aspects of living on the island. The following income tax rates apply to individuals:

Chargeable income (€)	Tax Rate (%)	Tax Amount (€)	Cumulative Tax (€)
0 – 19.500	-	-	0
19.501 – 28.000	20	1.700	1.700
28.001 – 36.300	25	2.075	3.775
36.301 - 60.000	30	7.110	10.885
over 60.000	35

*GHS (GESY) contribution rates are as follows based on announcement received from the Ministry of Labour:

- 2,65% for employees,

- 2,90% for employers and

- 4% for self-employed

Cyprus Tax Information

The links below will provide you with more detailed information on the main sections related to the Cyprus taxation.

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