Tax year 2026 · after the reform
Cyprus tax, explained plainly. Your take-home pay, worked out.
The rules, the allowances and the exemptions in one place — and a calculator that turns your salary into tax per month and per year.
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How your tax is calculated, what the 2026 reform changed, and how the rules used to work.
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What changed in 2026
The headlines
€22,000 tax-free
The tax-free band rose from €19,500 from 2026.
Child allowances
€1,000 · €1,250 · €1,500 per child — doubled for single parents.
Rent or mortgage
Deduct up to €2,000 for your main home.
Green spending
Up to €1,000 for energy upgrades or a new electric car.
Income tax bands
How your income is taxed
Each slice of taxable income is taxed at its own rate. Only the part above €22,000 is taxed at all.
Try it with your salary- €0 – €22,0000%
- €22,001 – €32,00020%
- €32,001 – €42,00025%
- €42,001 – €72,00030%
- Over €72,00035%