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Quick Calculator

€
ANNUAL REFORM BENEFIT 2026
€ 0.00

There is no tax benefit for this specific income.

Income Details

To check the income limit.
To calculate the discount.
€
€
Auto-calculated: Primary + Spouse income.
€
€
€
€
€
€
€

For non-residents starting first employment in Cyprus

Miscellaneous Deductions

€
€
€
€
€
Discount up to €500.

Insurance Discounts (Limited to 1/5)

€
Max €5,742/month. 8.8% rate.
€
Maximum: €4,770
€
Max 10% of gross.
€
Max 2% of income.
€
€
Reform 2026

Personal Deductions (Reform 2026)

2026
€
Auto-calculated from dependent children.
€
Discount up to €2,000.
€
Discount up to €1,000.
TAX PAYABLE ( 2026 )
€ 0.00
Annually Monthly
gross € 50,000.00 € 4,166.67
tax € 5,181.75 € 431.81
social € 4,400.00 € 366.67
NHIS (GESI) € 1,325.00 € 110.42
net € 39,093.25 € 3,257.77

INCOME TAX CALCULATION

INCOME

Total Taxable Income € 0

MISCELLANEOUS DEDUCTIONS:

Total Deductions -€ 0

NET INCOME

€ 0

DISCOUNTS (1/5):

Before restriction: € 0
Limit 1/5 (20%): € 0
Allowable Discounts -€ 0

TAXABLE INCOME

€ 0
Income Tax (Scales) € 0.00

Tax Breakdown

Tax Bracket Tax Deducted
Start End Rate

Cyprus Tax Calculator

Calculate tax, social insurance, and GESY deductions for Cyprus.

New Tax Scheme: Effective since January 2026.

Redundancy Compensation Calculator

Calculate your statutory redundancy compensation based on Cyprus employment law.

Employment Details

Auto-calculated from dates.
€
Enter your gross weekly salary.
€
Auto-calculated: Weekly × 4.33

Additional Factors

TOTAL COMPENSATION
€ 0.00
Component Amount
Statutory Redundancy € 0.00
Notice Period Payment € 0.00
Annual Leave Payment € 0.00
Gross Total € 0.00

Calculation Details

SERVICE BREAKDOWN

Total Years of Service 0
Total Months 0

COMPENSATION RATES

First 4 years (2 weeks/year): € 0.00
Years 5-10 (2.5 weeks/year): € 0.00
Years 11-15 (3 weeks/year): € 0.00
Years 16-20 (3.5 weeks/year): € 0.00
Years 21+ (4 weeks/year): € 0.00

NOTICE PERIOD

Required Notice Period 0 weeks

Cyprus Redundancy Law

Under Cyprus law, employees who have completed at least 26 weeks of continuous employment are entitled to redundancy compensation.

Eligibility: Minimum 26 weeks of continuous employment required.
Maximum Cap: Statutory redundancy is capped at a weekly salary ceiling.