🇨🇾 Europe

Cyprus

Salary, tax, minimum wage and employer cost data.

CurrencyEUR (€)
VAT19%
Fiscal yearJan-Dec
Pay cycleMonthly
Employee rate8.3%
Employer rate12.0%

Minimum wage in Cyprus

Monthly gross€ 1,000
Monthly net (est.)€ 860
Hourly gross€ 5.95
Annual gross€ 12,000
Annual net (est.)€ 10,320

Average salary

Gross annual€ 24,000
Net monthly€ 1,600

Tax brackets

0% up to 19,500
20% 19,501-28,000
25% 28,001-36,300
30% 36,301-60,000
35% above 60,000

Calculate salary in Cyprus

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