Cyprus — Self-Employed (2026 Tax Reform, SIS & GeSY) Calculator
Calculate 2026 Cypriot sole-proprietor and B2B freelance net take-home pay under Cyprus’s enacted 2026 Tax Reform, including the expanded 22,000 € 0% band, occupational Social Insurance floors/ceilings, 4.0% GeSY, and new 2026 child deductions.
- 2026 Cyprus Tax Reform Brackets (Uncapped): 0% up to 22,000 € (up from 19,500 €), 20% on 22,001–32,000 €, 25% on 32,001–42,000 €, 30% on 42,001–72,000 €, and 35% above 72,000 €—plus new 2026 child base deductions of 1,000 € (1st), 1,250 € (2nd), and 1,500 € (3rd+) within 100k–200k € household income caps.
- 16.6% Social Insurance (SIS) & 4.0% GeSY NHS: Self-employed SIS is 16.6% clamped between occupational minimum bases (24,528.92 €/yr <10 yrs; 50,625.12 €/yr >10 yrs) and the 68,904 €/yr insurable ceiling (max 11,438.06 €/yr); GeSY health is 4.0% capped at 180,000 €/yr (max 7,200 €/yr), with combined tax deductibility capped at 1/5 (20%) of net profit before social (Art. 14).
- 60-Day Tax Residency, Non-Dom & 15,600 € VAT: Foreign founders can establish Cyprus tax residency in ≥60 days (with 0 days >183 elsewhere, local business tie & residence) alongside 17-year Non-Dom 0% SDC on dividends/interest; domestic 19% VAT registration applies above 15,600 €/yr (mandatory >70,000 €/yr statutory audit).
- How did Cyprus’s January 1, 2026 Tax Reform change self-employed income tax brackets and family deductions?
- From January 1, 2026, Cyprus raised its 0% tax-free threshold from 19,500 € to 22,000 €, widened progressive brackets (20% on 22k–32k €, 25% on 32k–42k €, 30% on 42k–72k €, and 35% only above 72,000 €), and introduced personal child deductions of 1,000 € (1st child), 1,250 € (2nd child), and 1,500 € (3rd+ child) per parent subject to household income caps (100,000 € single / 150,000 € for 1–2 kids / 200,000 € for 3–4 kids).
- How are 16.6% Social Insurance (SIS) and 4.0% GeSY calculated and deducted for self-employed in Cyprus in 2026?
- In 2026, self-employed professionals pay 16.6% SIS on profit between their occupational minimum (471.71 €/wk = 24,528.92 €/yr under 10 years, or 973.56 €/wk = 50,625.12 €/yr over 10 years) and the 68,904 €/yr maximum ceiling (max 11,438.06 €/yr), plus 4.0% GeSY healthcare up to 180,000 €/yr. Under Income Tax Law Art. 14, combined SIS + GeSY + life/pension deductions cannot exceed 1/5 (20%) of net profit before social.
- When does a Cyprus sole proprietor vs. a Cyprus Ltd company (15% CIT + Non-Dom) make more sense in 2026?
- Up to ~65,000 €–75,000 € of annual B2B profit, sole-proprietor registration avoids Ltd incorporation, bookkeeping, and statutory audit overhead while benefiting from the 22,000 € 0% band. Above 70,000 €/yr—where audited accounts become mandatory even for sole proprietors—many high-earning B2B founders evaluate a Cyprus Ltd (15% CIT from 2026 + Non-Dom 0% SDC on dividends, paying only 2.65% GeSY on dividend distributions).
Official 2026 Statutory Sources & Verification
Verified against official 2026 statutory tax & social contribution rules (Last verified: Nov 2026).