TaxesVerified: 2026-10-21· Updated: 2026-10-23

Personal Income Tax in Cyprus: Progressive Brackets and 50% Exemption

Tax bands starting at 0% up to €19,500 and the 17-year 50% exemption for foreign talent earning over €55,000.

Income Tax Brackets

€0 to €19,500: 0%
€19,501 to €28,000: 20%
€28,001 to €36,300: 25%
€36,301 to €60,000: 30%
Over €60,000: 35%

The 50% Exemption for High Earners

Employees taking up their first employment in Cyprus with compensation exceeding €55,000/year qualify for a 50% personal tax exemption lasting up to 17 years.

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