Cyprus Income Tax Rates and Personal Allowances in 2020

The Income tax rates and personal allowances in Cyprus are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Cyprus Tax Calculator 2020.

Cyprus Residents Income Tax Tables in 2020: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from € to €19,500.00
20%Income from €19,500.01 to €28,000.00
25%Income from €28,000.01 to €36,300.00
30%Income from €36,300.01 to €60,000.00
35%Income from €60,000.01 and above
Cyprus Non-Residents Income Tax Tables in 2020: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from € to €19,500.00
20%Income from €19,500.01 to €28,000.00
25%Income from €28,000.01 to €36,300.00
30%Income from €36,300.01 to €60,000.00
35%Income from €60,000.01 and above

Income Tax in Cyprus in 2020

Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Cyprus periodically and typically updated each year. Not that not all tax rates and thresholds in Cyprus change annually, alterations to tax policy to support strategic economic growth in Cyprus mean that the certain areas may be focused on to provide specific tax relief in Cyprus or support growth in certain areas (overseas invstment in Cyprus for example may mean reduced non-resident income tax rates in Cyprus for a period).

When tax policy in Cyprus changes, the resultant tax tables also change. Tax tables in Cyprus are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Cyprus, the Cyprus tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Cyprus for example).

Cyprus Tax Tables may also be referred to as Cyprus Tax Slabs, Cyprus personal allowances and tax thresholds or Cyprus business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2020 tax rates and thresholds used within the 2020 Cyprus Salary Calculator. This means that if you are aware of a 2020 tax exemption or 2020 tax allowance in Cyprus that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Cyprus Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Cyprus Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Cyprus simple, we achieve this my making the Cyprus tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2020 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2020 tax calculations, simply contact us and we will adjust the tool.

Choose a specific income tax year to see the Cyprus income tax rates and personal allowances used in the associated income tax calculator for the same tax year.