Manage Payroll Tax in Cyprus | Tax Compliance

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

	
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