From Gross to Net: Tax, Social Insurance and GeSY in 2026
How much of a Cyprus salary you keep in 2026: income tax bands, Social Insurance 8.8%, GeSY 2.65%, with a net pay calculator.
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Jobs in Cyprus are almost always advertised with the gross monthly salary. Three things come off it: Social Insurance, GeSY (health) and income tax.
Net pay calculator
Take-home pay
€1,594 per month
€19,127 a year · 89% of gross
- Social Insurance
- −€1,901 a year
- GeSY
- −€572 a year
- Income tax
- −€0 a year
Estimate for a tax-resident employee with no other income or deductions.
What is taken from your pay
| Deduction | Employee pays | Note |
|---|---|---|
| Social Insurance | 8.8% | Up to €5,742 of monthly pay |
| GeSY (health system) | 2.65% | Up to €180,000 a year |
| Income tax | 0–35% | Bands below, on the yearly total |
Income tax bands from 2026
| Yearly taxable income | Rate |
|---|---|
| Up to €22,000 | 0% |
| €22,001 – €32,000 | 20% |
| €32,001 – €42,000 | 25% |
| €42,001 – €72,000 | 30% |
| Over €72,000 | 35% |
Social Insurance and GeSY contributions are deducted from your income before tax is worked out. With the €22,000 tax-free band, someone earning €1,800 gross a month pays no income tax.
Thirteenth salary
Many employers pay a 13th salary in December, but the law does not require it. Check your contract.
Moving here on a high salary
If you earn over €55,000 a year and were not resident in Cyprus in the 15 years before, half of your employment income may be exempt from tax for up to 17 years. Ask the Tax Department whether you qualify.
The calculator is an estimate for a tax resident employee with no other income or deductions. Your payslip may differ.
Sources
- Tax Department — 2026 tax reform
- Health Insurance Organisation — GeSY contributions
- Social Insurance Services
Rules change. Before you act, check the official page or ask the office directly.