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A & C CHRISTOFI LTD > Simple Income Tax Calculator
DID YOU STAY IN THE REPUBLIC FOR A PERIOD OR PERIODS EXCEEDING IN AGGREGATE 183 DAYS? If your answer is YES, you should declare your WORLDWIDE income in this Return. If your answer is NO, you should only declare your income arising in Cyprus.
Salaried services and benefits in kind
Trade union contributions
Professional subscriptions
Donations to approved charitable organisations
TOTAL DEDUCTIONS
TOTAL NET INCOME
Social insurance fund contributions (Salary x 8.3%)
National Health System(1.7%)
Provident fund contributions
Private Medical fund
Medical Fund : Maximum 1% of remuneration
Life insurance premiums
Calculated Life insurance premiums
Sum assured
Other allowances
TOTAL ALLOWANCES
TOTAL TAXABLE INCOME
Income tax payable
TOTAL TAX PAYABLE
Any foreign taxes paid on income subject to income tax will be credited against your income tax payabe.

PERSONAL TAX RATES
Chargeable income (€) Tax rate (%) Accumulated tax (€)
0 - 19.500 Nil Nil
19.501 - 28.000 20 1.700
28.001 - 36.300 25 3.775
36.301 - 60.000 30 10.885
Over 60.000 35
Foreign pension is taxed at the rate of 5%. An annual exemption of €3.420 is granted.