Progressive Income Tax 0-35% – Cyprus
Cyprus employment and business income taxed progressively. First €19,500 tax-free. Top rate 35% only on income above €60,000. Competitive rates. Combined with Non-Dom benefits on investment income creates complete package.
Progressive Income Tax 0-35%
Cyprus employment and business income taxed progressively. First €19,500 tax-free. Top rate 35% only on income above €60,000. Competitive rates. Combined with Non-Dom benefits on investment income creates complete package.
Tax Brackets 2026
First €19,500 completely tax-free. Very generous allowance. €1,625/month tax-free income.
€8,500 in this bracket. If earn €28,000: pay 20% × €8,500 = €1,700 total tax.
€8,300 in bracket. Marginal rate system - only income in bracket taxed at 25%.
€23,700 in bracket. Reasonable rate for higher earners by EU standards.
Top rate 35% only on excess over €60,000. Lower than many EU countries (UK 45%, France 55%). Maximum effective rate ~30-32% for high earners.
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