Skip to main content
Certified Public Accountants | Statutory Auditors & Tax Advisors in Cyprus

Cyprus Tax Calculator

Gross-to-net salary

Enter your salary and find out how much income tax and social insurance you will pay in the chosen tax year.

Tax year

Gross salary


Tax exemption

Tax exempt remuneration

Subject to certain conditions, you may be entitled to the following tax exemptions on your remuneration as outlined in the Cyprus Income Tax Law 118(I)/2002 (as amended):

- 20% of your gross remuneration or €8,550 (whichever is lower) §8(21)
- 50% of your gross remuneration §8(23)
- 100% of your gross remuneration for services performed outside Cyprus for more than 90 days §36(5)

Cyprus Income Tax FAQ: Your Complete Guide

Here, we address common questions to help you better understand how income tax is calculated and navigate the tax landscape in Cyprus. Whether you are curious about tax brackets, deductions, exemptions, or specific considerations for individuals, our FAQs provide valuable insights to assist you in making informed financial decisions.
– When is the due date for submitting the 2022 self-assessment tax returns (TD.1) online?
The last day to submit your self-assessment tax returns (TD.1) for the year 2022 is 31 October 2023. This applies to employees, pensioners, and self-employed individuals with a turnover below €70,000 for the tax year 2022.
- What is the gross-to-net salary calculator?
The gross-to-net salary calculator is an online tool designed to help individuals estimate their Cyprus tax liabilities. It takes into account various tax laws, rates, and deductions to provide accurate calculations based on the information provided.
- How do I use the calculator to figure out my Cyprus tax?
Follow these steps:

1. Select the tax year for your calculation.
2. Input your "Gross Salary" to the nearest Euro, omitting thousand separators.
3. Specify whether the amount entered in the "Gross Salary" field is for a monthly or yearly period.
4. If applicable, enter the sum of any exemptions for which you qualify. You may leave this empty if uncertain.
5. Click on "Calculate" to generate an estimate of your social insurance and tax liability for the chosen year.
- Can the calculator handle complex financial situations?
The tool is designed to handle a wide range of tax situations; however, for more complex tax scenarios or specific inquiries, it is advisable to consult with a financial advisor who can offer personalized guidance based on your unique circumstances.
- How accurate are the results?
We aim to provide accurate estimates based on the information you provide. However, please note that the calculator's results are for informational purposes only and should not be considered as a substitute for professional guidance. Actual liabilities may vary based on additional factors not accounted for by the calculator. It is best to consult with a certified accountant for personalized recommendations.
- Can I save or print the results?
Yes, you can save the results generated in MS Excel format or take a screenshot to preserve them for your records. To save the results, use the save function located at the bottom of the results page. Alternatively, you can use the printscreen option on your computer or mobile device to capture the results.
- Are the rates and laws in the tool up to date?
We strive to maintain updated information, but legislative changes can occur, and the tool may not always reflect the most recent amendments. Always verify information from authoritative sources or consult a financial advisor.
- Can the tool be used for self-employed individuals or corporate tax calculations?
No, this particular tool focuses exclusively on estimating taxes for individuals with employment income only and does not cover self-employed individuals or legal entities.
– What goes in the "Tax exemption" field?
Under certain conditions, you might qualify for certain exemptions based on specific regulations. The eligibility and the specific amount you can claim depend on your individual situation. Here are some tax exemptions that you might qualify for:
1. 20% of your total income or up to €8,550 (whichever is lower) - section 8(21) of the Income Tax Law.
2. 50% of your total income - section 8(23) of the Income Tax Law.
3. 100% exemption if you have performed services outside of Cyprus for more than 90 days - section 36(5) of the Income Tax Law.
- Can the calculator be used to calculate the gross salary based on a given net salary?
This online tool does not have the feature to calculate the gross salary from a given net salary. However, we understand that figuring our the gross salary from the net amount can be a very valuable information. For this purpose, we recommend using the Net-to-Gross Salary Calculator.

Net-to-gross salary calculation is the process of figuring out the total salary before taxes and deductions based on a desired amount after taxes and deductions (net salary). It considers things like income tax rates, social security contributions, and other deductions.

To calculate the gross salary from a net amount, you can use our Net-to-Gross Salary Calculator. This tool takes your desired net salary and provides an estimate of the corresponding gross salary, taking into account the relevant tax rates, deductions, and social security contributions in Cyprus.
- What should I do if I need help with filing my tax or verifying the tax computation
No worries! We're here to assist you. Our team can provide the support you need to file your income tax accurately and verify that your tax liability is correct.

To find out more about how we can help you, check out our Tax preparation and filing service.

You can rely on us to promptly handle your queries and provide the support you need.
– Can you explain gross vs. net income?
Gross income is your total earnings before any deductions, whereas net income is what remains after all deductions, such as taxation and social security contributions.

To put it simply, gross salary is like the big number you see, but net salary is the actual amount you receive in your bank account. Net salary is what you can use to cover your living expenses, pay bills, save money, and meet other financial obligations.
– What is the penalty for late filing?
A €100 penalty applies for missing the submission deadline for your return.
– What is taxable income?
Taxable income refers to the amount of income you earn that is subject to taxation. It includes your total income minus any allowable deductions or exemptions. The remaining income is what is considered taxable, and the tax authorities use this amount to calculate how much tax you owe based on the applicable tax rates and brackets.
– How is my tax collected?
When it comes to collecting taxes, there are two ways it can happen: either taxes are deducted from your income before you receive it or you directly pay them to the Tax Department. For employment income, the Pay As You Earn (PAYE) system is used. Under this system, your employer deducts the appropriate tax amount from your salary based on predetermined tax rates. This ensures that the correct tax is withheld, considering factors like your earnings, exemptions, and allowable deductions. Your employer then sends the deducted tax to the Tax Department on your behalf, and you receive your salary after these tax deductions have been made. Essentially, your employer takes care of deducting the taxes for you, making it more convenient and transparent.

It is important to note that the employer's role in deducting and remitting taxes does not absolve you of your tax obligations. You remain responsible for ensuring accurate reporting of your income, claiming any applicable deductions or exemptions, and fulfilling any additional tax obligations as required by Cyprus tax regulations.
- Could you provide an explanation of how the progressive tax bracket system operates?
Sure! Let's calculate the income tax for a taxable income of €45,000

[1] The first €19,500 falls within the 0% tax bracket
Tax on this portion: €19,500 x 0% = €0

[2] The next portion falls within the 20% tax bracket, ranging from €19,500 to €28,000
Taxable amount in this bracket: €28,000 - €19,500 = €8,500
Tax on this portion: €8,500 x 20% = €1,700

[3] The subsequent portion falls within the 25% tax bracket, ranging from €28,000 to €36,300
Taxable amount in this bracket: €36,300 - €28,000 = €8,300
Tax on this portion: €8,300 x 25% = €2,075

[4] The remaining €8,700 falls within the 30% tax bracket, ranging from €36,300 to €60,000
Taxable amount in this bracket: €45,000 - €36,300 = €8,700
Tax on this portion: €8,700 x 30% = €2,610

Adding up the tax amounts from all the brackets: €0 + €1,700 + €2,075 + €2,610 = €6,385

In this example, with a taxable income of €45,000 the calculated income tax would be €6,385
– What are the personal tax rates for 2023?
In Cyprus, the income tax rates for individuals are progressive. For 2023 they are as follows:

0%: up to €19,500
20%: €19,500 - €28,000
25%: €28,000 - €36,300
30%: €36,300 - €60,000
35%: €60,000 and above
– What determines how much income tax I have to pay on my salary?
When you have earnings from employment, it is important to be aware that you may be required to pay both income tax and social insurance contributions. The amount of income tax you are obligated to pay is determined by several factors, including your overall earnings, any tax exemptions you may qualify for, allowable deductions, and the applicable tax rates. These variables collectively contribute to the calculation of your income tax liability.
The Cyprus tax calculator provided on this website is intended for informational purposes only. While we strive to ensure the accuracy of the calculator and the results it produces, please be aware that it is a tool designed to provide estimates based on the information provided.

The calculations generated by the tax calculator may not reflect your specific situation, as individual circumstances can vary. Additionally, tax laws and regulations are subject to change, and the calculator may not always reflect the most current updates.

The results obtained from the tax calculator should not be considered as professional tax advice or a substitute for consulting with a qualified tax professional. We strongly recommend seeking professional guidance for accurate and personalized tax calculations and advice tailored to your specific circumstances.

By using the tax calculator, you agree that we will not be held liable for any inaccuracies, errors, or omissions in the calculations or any decisions or actions taken based on the results obtained from the calculator. It is your responsibility to verify the accuracy and applicability of the information provided.