Cyprus self-employed net income calculator
Your net income as a self-employed person in Cyprus is income minus social insurance at 16.6% up to the ceiling, the 4% General Healthcare System contribution, and income tax under the 2026 bands that start at 22,000 EUR.
Worked example: with Annual income after expenses of 50,000, this model computes Net income / year 35,775. See the full breakdown.
⚠ Illustrative rates Updated for 2026 · sources checked 2026-08-22
How self-employed in Cyprus is calculated
The 2026 tax reform reshaped the Cypriot position for the self-employed in two ways at once: the tax-free threshold rose from 19,500 to 22,000 EUR, and the 35% top rate now begins at 72,000 rather than 60,000. Both changes matter most in the middle of the range, where a large share of independent professionals sit.
The contributions behave differently from each other, which is easy to miss. Social insurance is charged on ceiling-capped insurable earnings and stops growing above them, while the 4% GHS contribution keeps going. The base is also not simply your profit: it comes from a notional income table set by occupation, so two people with identical profits and different trades can owe different contributions.
Worked example
| Annual income after expenses (EUR) | 50000 |
|---|---|
| Social insurance (16.6%) ✓ | 8300 |
| GHS (4%) ✓ | 2000 |
| Taxable Income ✓ | 39700 |
| Income tax ✓ | 3925 |
| Net income / year ✓ | 35775 |
Every row is computed by the engine from the inputs above. Rows marked ✓ are additionally pinned by a published self-test vector.
Frequently asked questions
What is the tax-free threshold in Cyprus in 2026?
22,000 EUR, raised from 19,500 EUR by the 2026 reform. The bands above it are 20%, 25%, 30% and 35%, with the top rate starting at 72,000 EUR rather than the previous 60,000.
How much are social insurance and GHS for the self-employed?
16.6% of insurable earnings up to the annual ceiling for social insurance, plus 4% for the General Healthcare System. On 50,000 EUR of income that is roughly 8,300 EUR and 2,000 EUR respectively.
Is my contribution based on my actual profit?
Not exactly. Insurable earnings come from a notional income table for your occupation, with a minimum that applies regardless of what you earned. This model uses profit as a stand-in.
Sources
- Cyprus Social Insurance Services — contributions for self-employed persons · checked 2026-08-22
- Cyprus Tax Reform 2026: personal income tax bands and the 22,000 EUR threshold · checked 2026-08-22
Estimate. Not tax advice. The rates in this calculator are illustrative: they reproduce the shape of the charge through 3 self-test cases, but they are not the official schedule, so the amount shown will not match your bill. Use the official source above for that.
Check the arithmetic yourself: how this calculator is verified — the formula behind every derived value, the 3 test cases the engine reproduces, and what the badge does and does not claim. Also available as machine-readable JSON.
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