Quick Answer
Self-employed professionals in Cyprus pay income tax on net profit using the same progressive bands as employees: 0% up to EUR 22,000, 20% to 32,000, 25% to 42,000, 30% to 72,000, and 35% above that. GESY for self-employed is 4.70% of net income, capped at EUR 8,460 per year. Social insurance (approximately 16.6%) is a separate obligation not included in this calculator.
Cyprus Self-Employment Tax Calculator 2026
Calculate your income tax and GESY contributions as a self-employed person or freelancer in Cyprus. Updated for the 2026 tax reform.
Business Financials
Tax Breakdown
Based on 2026 Cyprus tax legislation. GESY rate for self-employed: 4.70% (capped at income base of €180,000). Income tax uses the standard 2026 bands. This is an estimate - consult a Cyprus tax advisor for personalised advice.
Self-employed individuals in Cyprus are taxed on net profit (revenue minus allowable business expenses) using the same progressive income tax bands as employees: 0% up to EUR 22,000, 20% from EUR 22,001-32,000, 25% from EUR 32,001-42,000, 30% from EUR 42,001-72,000, and 35% above EUR 72,000. GESY contributions for self-employed are 4.70% of net income, capped at a base of EUR 180,000. Social insurance (approximately 16.6% of assessable earnings) is an additional obligation not shown in this calculator.
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