Cyprus public holidays 2026, VAT rate and tax data
Cyprus: VAT rate 19% since 13 Jan 2014; 15 public holidays in 2026 (next: Παραμονή Χριστουγέννων (Christmas Eve — public service closed; banks open), 24 Dec 2026); corporate tax rate 15%; minimum wage 1088 EUR/month; policy interest rate 2.5%; inflation rate (CPI) 3.52%.
13 series, each cited to the official source it was verified against; most recently verified 28 Oct 2026. Currency EUR.
verified recentlyre-verification due soonstaleColour is the age of the last check against the series' own update cycle.
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{ "country": "CY", "series": "vat", "value": 19, "unit": "percent", "effective_from": "2014-01-13", "last_confirmed": "2026-10-11", "source": { "name": "Ο περί Φόρου Προστιθέμενης Αξίας Νόμος του 2000 (Ν. 95(Ι)/2000), cons…", "url": "https://www.cylaw.org/nomoi/enop/non-ind/2000_1_95/full.html" } }
Excerpt, from the same data as this page. This endpoint is $0.003 a call by x402 or MPP, no signup. With a free key, try POST /v1/answers/vat {"country":"cy","amount":1000}.
Cyprus public holidays 2026
15 days in 2026; next: Παραμονή Χριστουγέννων (Christmas Eve — public service closed; banks open) on 24 Dec 2026. Official source: Public-service closure list (Republic of Cyprus) read with the Banking Holidays Law… · last verified 30 Jul 2026
Fixed by law 15
| Date | Holiday | Status | Source |
|---|---|---|---|
| 1 Jan 2026 Thu | Πρωτοχρονιά (New Year's Day) | Fixed by law | Public-service closure list (Republic… |
| 6 Jan 2026 Tue | Θεοφάνια / Τα Φώτα (Epiphany) | Fixed by law | Public-service closure list (Republic… |
| 23 Feb 2026 Mon | Καθαρά Δευτέρα (Green Monday / Clean Monday — Orthodox Easter minus 48 days) | Fixed by law | Public-service closure list (Republic… |
| 25 Mar 2026 Wed | Εικοστή Πέμπτη Μαρτίου (Greek Independence Day) | Fixed by law | Public-service closure list (Republic… |
| 1 Apr 2026 Wed | Επέτειος Αγώνα ΕΟΚΑ 1955 (Cyprus National Day) | Fixed by law | Public-service closure list (Republic… |
| 10 Apr 2026 Fri | Μεγάλη Παρασκευή (Orthodox Good Friday) | Fixed by law | Public-service closure list (Republic… |
| 13 Apr 2026 Mon | Δευτέρα του Πάσχα (Orthodox Easter Monday) | Fixed by law | Public-service closure list (Republic… |
| 1 May 2026 Fri | Πρωτομαγιά (Labour Day) | Fixed by law | Public-service closure list (Republic… |
| 1 Jun 2026 Mon | Δευτέρα Αγίου Πνεύματος / Κατακλυσμός (Holy Spirit Monday / Kataklysmos) | Fixed by law | Public-service closure list (Republic… |
| 15 Aug 2026 Sat | Κοίμηση της Θεοτόκου (Assumption / Dormition) | Fixed by law | Public-service closure list (Republic… |
| 1 Oct 2026 Thu | Ημέρα Ανεξαρτησίας (Cyprus Independence Day) | Fixed by law | Public-service closure list (Republic… |
| 28 Oct 2026 Wed | Επέτειος του «Όχι» (Ohi Day) | Fixed by law | Public-service closure list (Republic… |
| 24 Dec 2026 Thu | Παραμονή Χριστουγέννων (Christmas Eve — public service closed; banks open) | Fixed by law | Public-service closure list (Republic… |
| 25 Dec 2026 Fri | Χριστούγεννα (Christmas Day) | Fixed by law | Public-service closure list (Republic… |
| 26 Dec 2026 Sat | Σύναξη Θεοτόκου (Boxing Day / Synaxis of the Theotokos) | Fixed by law | Public-service closure list (Republic… |
2027 dates already held (15)
| Date | Holiday | Status | Source |
|---|---|---|---|
| 1 Jan 2027 Fri | Πρωτοχρονιά (New Year's Day) | Fixed by law | Public-service closure list (Republic… |
| 6 Jan 2027 Wed | Θεοφάνια / Τα Φώτα (Epiphany) | Fixed by law | Public-service closure list (Republic… |
| 15 Mar 2027 Mon | Καθαρά Δευτέρα (Green Monday / Clean Monday — Orthodox Easter minus 48 days) | Fixed by law | Public-service closure list (Republic… |
| 25 Mar 2027 Thu | Εικοστή Πέμπτη Μαρτίου (Greek Independence Day) | Fixed by law | Public-service closure list (Republic… |
| 1 Apr 2027 Thu | Επέτειος Αγώνα ΕΟΚΑ 1955 (Cyprus National Day) | Fixed by law | Public-service closure list (Republic… |
| 30 Apr 2027 Fri | Μεγάλη Παρασκευή (Orthodox Good Friday) | Fixed by law | Public-service closure list (Republic… |
| 1 May 2027 Sat | Πρωτομαγιά Labour Day — coincides with Orthodox Holy Saturday in 2027 |
Fixed by law | Public-service closure list (Republic… |
| 3 May 2027 Mon | Δευτέρα του Πάσχα (Orthodox Easter Monday) | Fixed by law | Public-service closure list (Republic… |
| 21 Jun 2027 Mon | Δευτέρα Αγίου Πνεύματος / Κατακλυσμός (Holy Spirit Monday / Kataklysmos) | Fixed by law | Public-service closure list (Republic… |
| 15 Aug 2027 Sun | Κοίμηση της Θεοτόκου (Assumption / Dormition) | Fixed by law | Public-service closure list (Republic… |
| 1 Oct 2027 Fri | Ημέρα Ανεξαρτησίας (Cyprus Independence Day) | Fixed by law | Public-service closure list (Republic… |
| 28 Oct 2027 Thu | Επέτειος του «Όχι» (Ohi Day) | Fixed by law | Public-service closure list (Republic… |
| 24 Dec 2027 Fri | Παραμονή Χριστουγέννων (Christmas Eve — public service closed; banks open) | Fixed by law | Public-service closure list (Republic… |
| 25 Dec 2027 Sat | Χριστούγεννα (Christmas Day) | Fixed by law | Public-service closure list (Republic… |
| 26 Dec 2027 Sun | Σύναξη Θεοτόκου (Boxing Day / Synaxis of the Theotokos) | Fixed by law | Public-service closure list (Republic… |
Status is read from the record: fixed by law follows from a standing rule (a fixed date or the Easter computus); confirmed is dated in the cited official calendar and not flagged provisional; estimated is provisional or moon-sighting dependent; substitute stands in for a statutory day that fell on a weekend or was moved. Hover a status for the reason.
Every current Cyprus value
Rate schedules and breakdowns
Withholding tax rates
0–17% across 9 withholding taxes — no single rate · in force from 2026-01-01 · Official source: Ο περί Φορολογίας του Εισοδήματος Νόμος του 2002, 118(I)/2002 (consolidated… · last verified 11 Aug 2026 secondary
Rates by payment type
| key | label | rate | applies to | confidence note | effective from | Source |
|---|---|---|---|---|---|---|
| dividends | Dividends to non-residents (general) | 0 | dividends paid by Cyprus companies to non-resident persons, except companies in EU-blacklisted jurisdictions (and, from 2026, associated companies in low-tax jurisdictions) | Scope of the SDC Law verified via PwC Worldwide Tax Summaries and consistent practitioner sources, not against the Greek-language text of Law 117(I)/2002 itself. | — | Ο περί Έκτακτης Εισφοράς για την Άμυνα… |
| The 0% is structural, not an express zero rate: dividend taxation of this kind lives in the Special Defence Contribution, which reaches only residents. See the blacklist and low-tax entries for the defensive-measure exceptions. | ||||||
| interest | Interest to non-residents (general) | 0 | interest paid from Cyprus sources to non-resident persons, except companies in EU-blacklisted jurisdictions | Scope of the SDC Law verified via PwC Worldwide Tax Summaries and consistent practitioner sources, not against the Greek-language text of Law 117(I)/2002 itself. | — | Ο περί Έκτακτης Εισφοράς για την Άμυνα… |
| The 0% is structural, not an express zero rate. See the blacklist entry for the defensive-measure exception. | ||||||
| royalties-used-in-cyprus | Royalties for rights used within Cyprus | 10 | royalties, premiums, compensation or similar income from Cyprus sources paid to a non-resident not carrying on business in Cyprus, for rights used within Cyprus | — | — | Ο περί Φορολογίας του Εισοδήματος Νόμος… |
| s. 21 itself contains the EU Interest & Royalties Directive exemption: the income is exempt where the beneficial owner is a 25%-associated company of another Member State (or its EU permanent establishment). The withholding mechanism is s. 24 (deduction of tax before payment). | ||||||
| royalties-outside-cyprus | Royalties for rights used outside Cyprus | 0 | royalties paid to non-residents where the right is granted for use outside Cyprus, except payments to companies in EU-blacklisted jurisdictions | — | — | Ο περί Φορολογίας του Εισοδήματος Νόμος… |
| Zero because the income is deemed not to be Cyprus-source at all, so the s. 21 charge never arises. The blacklist defensive measure overrides this for recipients in Annex I jurisdictions (10% applies even for rights used outside Cyprus). | ||||||
| film-royalties | Cinematograph film rentals | 5 | rentals for the showing of cinematograph films in Cyprus, paid to non-residents | — | — | Ο περί Φορολογίας του Εισοδήματος Νόμος… |
| Often cited as '5% for film royalties'. s. 22 carries the same EU associated-company exemption as s. 21. | ||||||
| dividends-eu-blacklist | Dividends to companies in EU-blacklisted jurisdictions (defensive measure) | 17 | dividends paid by non-quoted Cyprus companies to companies in EU Annex I non-cooperative jurisdictions holding (with associated persons) over 50% of the payer's capital, votes or profit entitlement | Rate and effective date verified via PwC Worldwide Tax Summaries and EY tax alerts, not against the Greek-language amending law text. | 2022-12-31 | Ο περί Έκτακτης Εισφοράς για την Άμυνα… |
| The recipient must be incorporated/registered in an Annex I jurisdiction and not tax resident in a non-blacklisted jurisdiction; the list is checked at payment date. April 2025 legislation refined the framework. | ||||||
| interest-eu-blacklist | Interest to companies in EU-blacklisted jurisdictions (defensive measure) | 17 | interest paid or credited from Cyprus sources to companies in EU Annex I non-cooperative jurisdictions (payments by individuals excluded) | Rate history (30% then 17%) assembled from PwC Worldwide Tax Summaries, EY and Cyprus practitioner sources, not against the Greek-language amending law text. | 2024-01-01 | Ο περί Έκτακτης Εισφοράς για την Άμυνα… |
| Introduced at 30% (December 2021 amending law, in force 31.12.2022); current 17% reflects the SDC interest-rate reduction effective 1 January 2024. PwC and EY both state 17% as the current rate. | ||||||
| royalties-eu-blacklist | Royalties to companies in EU-blacklisted jurisdictions (defensive measure) | 10 | royalties and similar payments to companies in EU Annex I non-cooperative jurisdictions, including for rights used outside Cyprus (payments by individuals excluded) | Verified via PwC Worldwide Tax Summaries and EY tax alerts, not against the Greek-language amending law text. | 2022-12-31 | Ο περί Φορολογίας του Εισοδήματος Νόμος… |
| Extends the 10% charge to royalties for rights granted for use OUTSIDE Cyprus when the recipient is a blacklisted-jurisdiction company - payments that are otherwise not Cyprus-source at all. | ||||||
| dividends-low-tax-jurisdictions | Dividends to associated companies in low-tax jurisdictions (defensive measure) | 5 | dividends paid by non-quoted Cyprus companies to associated companies (direct or indirect association over 50%, alone or with associated persons) resident, incorporated or registered in a low-tax jurisdiction and not resident in a non-low-tax jurisdiction. A low-tax jurisdiction is defined dynamically, as one whose corporate tax rate is below half the Cyprus corporate rate fixed by art. 25 of the Income Tax Law - the statute states the test, not a fixed percentage | Read from the Greek text of the amending Law 245(I)/2025 itself, not from a practitioner alert. One dependency is NOT independently verified: the low-tax threshold moves with the Cyprus corporate rate under art. 25 of the Income Tax Law, and the same reform package is consistently reported to have raised that rate from 12.5% to 15% (which would put the threshold at 7.5% rather than 6.25%) - the amended art. 25 itself was not read, so the served text states the statutory test dynamically rather than asserting a percentage. | 2026-01-01 | Ο περί Εκτακτης Εισφοράς για την Άμυνα… |
| For low-tax jurisdictions, interest and royalties face DEDUCTION DENIAL at the paying company rather than withholding, so no interest/royalty low-tax entries are served. FIVE PER CENT, NOT SEVENTEEN, AND THE DIFFERENCE IS DELIBERATE. The defensive-measures regime charges a… | ||||||
Personal income tax
0–35% across 5 bands · in force from 2026-01-01 · Official source: Tax reform package amending Income Tax Law 118(I)/2002, enacted 2025-12-22 and… · last verified 30 Jul 2026 secondary
| min | max | rate |
|---|---|---|
| 0 | 22000 | 0 |
| 22000 | 32000 | 20 |
| 32000 | 42000 | 25 |
| 42000 | 72000 | 30 |
| 72000 | — | 35 |
Statutory social-insurance contributions
0.5–17.6% across 6 contribution branches · in force from 2026-01-01 · Official source: Ο περί Κοινωνικών Ασφαλίσεων Νόμος του 2010 (Ν. 59(I)/2010), άρθρα 5 και 16… · last verified 11 Aug 2026
| key | label | rate total | rate employee | rate employer | unit | base | currency |
|---|---|---|---|---|---|---|---|
| social_insurance_fund | Ταμείο Κοινωνικών Ασφαλίσεων — Social Insurance Fund (SIF) | 17.6 | 8.8 | 8.8 | percent | Insurable earnings (ασφαλιστέες αποδοχές) of the employed person — gross remuneration from the employment, including overtime, commission, bonuses and the value of remuneration in kind — capped at the maximum insurable earnings fixed annually by the Social Insurance Services. Contributions are computed per contribution period (week for weekly-paid, month for monthly-paid), not cumulatively over the year. | EUR |
| rate_total is the PAYROLL-BORNE total (8,8 % + 8,8 % = 17,6 %). The statute's headline figure is 22,8 %, because a further 5,2 % of the same insurable earnings is paid by the Consolidated Fund of the Republic — that is a state subsidy, not a payroll cost, and must never be added… | |||||||
| redundancy_fund | Ταμείο Πλεονάζοντος Προσωπικού — Redundancy Fund | 1.2 | 0 | 1.2 | percent | The same insurable earnings as the Social Insurance Fund, subject to the same maximum insurable earnings (€5 742 per month / €1 325 per week / €68 904 per annum for 2026). | EUR |
| Employer-only. Never deducted from the employee. Funds the statutory redundancy payment made to an employee dismissed for redundancy — the employer does not pay the redundancy payment directly out of pocket, the Fund does, which is why the levy exists. Shares the SIF ceiling, so… | |||||||
| human_resource_development_fund | Ταμείο Ανάπτυξης Ανθρώπινου Δυναμικού — Human Resource Development Fund (HRDA / ΑνΑΔ) | 0.5 | 0 | 0.5 | percent | The same insurable earnings as the Social Insurance Fund, subject to the same maximum insurable earnings (€5 742 per month / €1 325 per week / €68 904 per annum for 2026). | EUR |
| Employer-only, also called the industrial training levy. Collected by the Social Insurance Services on the same return but paid over to the Human Resource Development Authority (ΑνΑΔ), which uses it to subsidise employer training. Subject to the SIF ceiling — maximum €28.71 per… | |||||||
| social_cohesion_fund | Ταμείο Κοινωνικής Συνοχής — Social Cohesion Fund | 2 | 0 | 2 | percent | ACTUAL total earnings of the employee — NOT insurable earnings, and NOT capped. The maximum insurable earnings ceiling that applies to the Social Insurance, Redundancy and Human Resource Development Funds does not apply here. | EUR |
| THE CEILING TRAP ON THE EMPLOYER SIDE. This is the one payroll fund in Cyprus with NO upper limit: it is charged on the employee's whole actual earnings, so for a high earner the Social Cohesion Fund is the largest single employer levy after the SIF. An engine that applies the… | |||||||
| central_holiday_fund | Κεντρικό Ταμείο Αδειών — Central Holiday Fund | 8 | 0 | 8 | percent | Insurable earnings, subject to the same maximum insurable earnings as the Social Insurance Fund. The percentage is set in proportion to the number of days of annual leave to which the employee is entitled; 8 % corresponds to the statutory minimum entitlement of 20 working days on a five-day week (24 days on a six-day week). A longer contractual entitlement carries a proportionately higher percentage. | EUR |
| NOT A UNIVERSAL 8 %, AND FOR MOST EMPLOYERS NOT PAYABLE AT ALL. Two independent variables: (1) the percentage tracks the leave entitlement, so an employer granting more than the statutory minimum pays more than 8 %; (2) an employer who grants leave on terms better than the Law… | |||||||
| gesy | Γενικό Σύστημα Υγείας (ΓεΣΥ) — General Healthcare System (GHS/GESY) contribution | 5.55 | 2.65 | 2.9 | percent | For the employee: the employee's emoluments. For the employer: the same emoluments of the employed person. The GESY base is NOT the social-insurance insurable earnings and is NOT subject to the €5 742 monthly / €68 904 annual maximum insurable earnings. Instead a separate, PER-PERSON, ALL-SOURCES annual cap of €180 000 applies: the €180 000 aggregates every category of income on which a natural person owes GESY (employment income, self-employment income, pensions, rents, dividends, interest). | EUR |
| GESY IS THE CYPRUS TRAP. It is a SEPARATE contribution from the Social Insurance Fund, at its own rates, on its own base, with its own ceiling — it is not a component of the 8,8 %/8,8 % and must never be netted into it. Three specific errors: (1) THE CEILING IS NOT THE SIF… | |||||||
Late-payment interest (EU Late Payment Directive)
10.4 percent · in force from 2026-07-01 · Official source: Derived from the ECB main refinancing rate (this API's… · last verified 9 Oct 2026 derived
Resolved rates
| key | label | spread | value | article | Source |
|---|---|---|---|---|---|
| directive | EU Late Payment Directive statutory rate (reference + 8pp) | 8 | 10.4 | Directive 2011/7/EU, art. 2(6)-(7) | Directive 2011/7/EU on combating late… |
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Compare each figure with the other European countries: Policy interest rate · VAT rate · VAT registration threshold · Minimum wage · Public holidays · Inflation rate (CPI) · Corporate tax rate · Withholding tax rates · Income tax rates · Social contributions · ECB main refinancing rate · Late-payment interest rate · Statutory interest rate
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Every value above names the official instrument it came from and the date it takes effect, and we record when we last checked it. Where a value could not be verified against its own statute we do not publish an estimate — the series is simply absent. Where a question falls outside what we hold, the API refuses and explains, free of charge, rather than returning a number that looks right.