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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.