Income tax in Cyprus (2026)
In 2026, income tax in Cyprus runs from 20% to 35%. On a €70,000 salary you take home €51,557 a year, €4,296 a month.
Income tax rates
- Top rate
- 35%
- Lowest rate
- 20%
- Tax-free allowance
- None
- VAT
- 19%
- Capital gains
- 20%
The 2026 bands, in Euro
| Taxable income (after allowance) | Rate |
|---|---|
| €0 to €22,000 | 0% |
| €22,000 to €32,000 | 20% |
| €32,000 to €42,000 | 25% |
| €42,000 to €72,000 | 30% |
| over €72,000 | 35% |
Take-home pay by salary
€20,000: €17,710 take-home (11.5% total tax)€25,000: €22,110 take-home (11.6% total tax)€30,000: €25,652 take-home (14.5% total tax)€35,000: €29,194 take-home (16.6% total tax)€40,000: €32,565 take-home (18.6% total tax)€45,000: €35,886 take-home (20.3% total tax)€50,000: €39,093 take-home (21.8% total tax)€60,000: €45,291 take-home (24.5% total tax)€70,000: €51,557 take-home (26.3% total tax)€80,000: €58,371 take-home (27% total tax)€90,000: €64,708 take-home (28.1% total tax)€100,000: €71,036 take-home (29% total tax)€120,000: €83,691 take-home (30.3% total tax)€150,000: €102,674 take-home (31.6% total tax)€200,000: €134,658 take-home (32.7% total tax)€250,000: €167,158 take-home (33.1% total tax)€300,000: €199,658 take-home (33.4% total tax)
Compare with other countries
Cost of living in Cyprus
Frequently asked questions
What are the income tax rates in Cyprus?
Income tax in Cyprus runs from 20% to 35%, in 4 bands.
Is there a tax-free allowance in Cyprus?
No — Cyprus has no general tax-free allowance.
What is the take-home pay on €70,000 in Cyprus?
On €70,000 in Cyprus you take home €51,557 a year — €4,296 a month.
2026 rules checked against taxsummaries.pwc.com. Single person, employee, no other income. Not tax advice. Change the details