ⓘResults are estimates and are provided as a guide only. While we work to keep the rates current, we don't guarantee their accuracy and accept no responsibility for decisions or actions based on them. Always confirm with a licensed accountant.
Most people in Cyprus overpay their tax.
The 2026 reform added deductions almost nobody claims yet. Answer 10 quick questions to estimate what you're leaving on the table.
~60 seconds· Nothing stored· No sign-up
TAXEMAS PRO WORKSPACE
For freelancers & accounting firms
AI tools that work in memory — no accounts, no stored documents.
Drop in receipt photos or PDF invoices — Greek or English. The AI reads each one, categorizes it, and builds your expense report. Files are processed in memory for reading only and never saved.
Fair use: the AI tools share one daily allowance across all users (plus 10 uses/hour each). Overuse spends it for everyone — please use them in moderation.
💡 For the cleanest image, capture the photo with your phone's document scanner.
Leave your details and a partner ICPAC-licensed accountant will get in touch. Free, no obligation.
NAME
EMAIL OR PHONE
CITY
WHAT DO YOU NEED? (OPTIONAL)
Your details are forwarded once by email to the partner accountant and are not stored by Taxemas. By submitting you accept the Terms of Use and the Privacy Policy.
Start from the life you want, work back to what to charge. Uses your current deductions from the Calculator.
I WANT TO TAKE HOME, PER MONTH
€
BILLABLE DAYS / YEAR
220 ≈ full-time. Lower it for holidays, admin days, dry spells.
CHARGE / DAY
€229.57
CHARGE / HOUR
€28.70
GROSS NEEDED / YR
€50.505.05
Covers income tax, social insurance (16.6%) and GESY (4%) under 2026 rules. Add your business costs on top.
Should you incorporate? Same profit, both structures, side by side.
ANNUAL PROFIT
€
DIVIDEND STATUS
Non-dom: 0% defence contribution on dividends. Domiciled: 5% (cut from 17% by the reform).
ANNUAL COMPANY COSTS
€
Accounting, audit, levies — typically €1.500–2.500/yr.
SELF-EMPLOYED
€19.850.00
Income tax €0.00 Social insurance €4.150.00 GESY €1.000.00
LTD + DIVIDENDS
€18.686.87
Corporate tax 15% €3.750.00 SDC 0% (non-dom) GESY on dividends €563.13 Company costs €2.000.00
Self-employed wins at this profit−€1.163.13
Simplified: assumes all profit paid as dividends and no director salary. The real optimum often mixes salary + dividends, and non-dom status has eligibility rules — talk to an accountant before incorporating.
ⓘResults are estimates and are provided as a guide only. While we work to keep the rates current, we don't guarantee their accuracy and accept no responsibility for decisions or actions based on them. Always confirm with a licensed accountant.
Cyprus tax, answered
Plain-language answers under the 2026 reform. Free for everyone.
⌕
INCOME TAX
SELF-EMPLOYED
DEDUCTIONS
EXPATS
EMPLOYEES
COMPANIES & STARTUPS
PRACTICAL
OFFICIAL SOURCES
Go straight to the government for forms, filings and the latest announcements.
Taxemas calculates your net salary and income tax in Cyprus under the 2026 reform brackets (€22.000 tax-free threshold), including social insurance and GESY — for employees and the self-employed. Find the deductions you're entitled to for children, rent or mortgage interest, energy upgrades and home insurance, and read plain-language answers in the Cyprus tax FAQ. If you're self-employed, scan your receipts with the AI Expense Reader in the "AI Tools" tab to total your business expenses automatically. When it's time to file, find a licensed accountant among our partners.