Cyprus Tax Calculator
Calculate your Cyprus taxes and NET income quickly and accurately.
Last Updated: May 24, 2025
Compare Personal Tax Burden Across Countries
Live tax calculations for equivalent purchasing power of your income (50,000 EUR ≈ $57,012.543 USD) across different countries. Countries are sorted by net income in USD (highest to lowest).
Currently viewing: Cyprus (Standard regime) vs other countries (Standard regimes)
💱 All incomes converted to local currency equivalents • Exchange rates updated daily
| Country | Total Tax & Contributions | Net Income | Effective Rate | Calculate Taxes |
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Live calculation: Updates automatically as you change your income amounts above.
Tax regime comparison: Current country uses your selected regime (Standard), while other countries use their standard regimes for fair baseline comparison.
Currency conversion: Your income is converted to equivalent purchasing power in each country's local currency before tax calculations.
Sorting: Countries ranked by net income in USD (highest to lowest) for fair comparison across currencies.
Limitations: Special tax regimes, personal allowances, and individual circumstances may significantly affect actual tax liability.
US & Canada: Displayed with links to their individual calculators due to complex federal + state/provincial tax systems that require specialized calculations.
Sources & Citations
- Income Tax Law 118(I)/2002 (Consolidated)
Primary legislation for Cyprus personal income tax, updated through 2025 amendments.
- Tax Department Guide – Individual Income Tax Return 2024
Official 2024 filing guide detailing residency rules, deductions, and current income tax brackets.
- Explanatory Table on First-Employment Exemptions (Art. 8(23) & 8(23A))
Clarifies 20% and 50% income-exemption rules for eligible individuals under recent amendments.
- General Healthcare System (GHS) Contribution Rates 2025
Lists the contribution percentages for employees, employers, self-employed and others used in personal tax calculations.
- Default Interest on Overdue Taxes
Schedule of statutory interest rates applied to late payment of personal taxes.