Cyprus Times

Cyprus Tax Department Launches Income Tax Calculation Tool

Published January 15, 2026, 15:06
Cyprus Tax Department Launches Income Tax Calculation Tool

The Cyprus Tax Department has launched an “Income Tax Calculation Tool” for taxpayers, as part of the Tax Reform implemented from January 1, 2026. The tool, available on the Department's website, allows citizens to calculate their income tax based on their personal situation (single, family, single-parent family) by entering their income, deductions, discounts, and allowances. The tool comparatively presents the amount of tax resulting from the old and new tax regimes, indicating the tax benefit offered by the reform. This helps taxpayers understand the changes and how they will affect their tax obligations. The launch of the tool follows the announcement of the Declaration for Claiming Tax Deductions (T.F.59) and related supporting materials. The aim is to provide information and guidance to taxpayers regarding the new provisions. The Tax Department emphasizes that the tool is intended solely for simulation and information purposes and does not store, transmit, or process personal data, ensuring compliance with the General Data Protection Regulation (GDPR). All calculations are performed locally during use.