Manage Payroll Tax in Cyprus | Tax Compliance

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Taxes in Cyprus

Employer

12.5%

Corporate tax rate

8.3%

Social insurance

2%

Social cohesion

1.2%

Redundancy

0.5%

Training & development

2.9%

National health system

8%

Holiday fund

Employee

8.3%

Social insurance

2.65%

National Health System

Income Tax

0%

Up to €19,500

20%

€19,500 to €28,000

25%

€28,000 to €36,300

30%

€36,300 to €60,000

35%

Above €60,000