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
Donations :
Attach certificates / receipts only for donations over €300. For donations of a lesser amount you should keep the certificates / receipts to submit when requested
€
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.