Minimum wage in Cyprus (2026)
The statutory minimum wage in Cyprus and the net take-home pay it leaves after tax.
The gross minimum wage in Cyprus is about €1,000 per month. After income tax and social contributions that leaves roughly €886 net.
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How salary is taxed in Cyprus
Income tax in Cyprus is progressive: marginal rates rise from 20% to 35% as income grows. Employees also pay social contributions of around 11.45% of gross salary. The standard VAT rate is 19%. For example, a gross salary of €2,483 per month leaves about €2,126 net, after €73 income tax and €284 in social contributions, an effective deduction rate of 14.39%.
| Annual taxable income | Tax rate |
|---|---|
| Up to €22,000 | 0% |
| Up to €32,000 | 20% |
| Up to €42,000 | 25% |
| Up to €72,000 | 30% |
| €72,000 and above | 35% |
Frequently asked questions
What is the minimum wage in Cyprus?
The figures above show the statutory gross minimum wage in Cyprus per month, with the net take-home amount after tax and social contributions.
How much is the minimum wage after tax in Cyprus?
We apply the current income-tax and social-contribution rates for Cyprus to the gross minimum wage to estimate the net monthly pay.
Minimum-wage figures are approximate, based on the latest available official rate.
Approximate 2026 estimate. Simplified model, verify before relying on it. Not tax advice.
Rates updated June 2026