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Salary reduction tax, etc.

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Salary reduction tax, etc.

Postby Frank » Sun Mar 26, 2006 3:33 pm

Hi,

can somebody help me with some information about salary reduction in Cyprus ? Tax about 20 %, but will there be some other reductions as health insurance, pension or other social ones ?

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Postby Sotos » Mon Mar 27, 2006 3:36 am

Didn't I just answered this question? :shock:

From the gross salary they will take out social security at about 7%. Then you pay income tax depending on how much you make per year. If you make less than about 10.000 Cy pounds per year you don't pay income tax.
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Postby andri_cy » Mon Mar 27, 2006 4:19 am

different posts same question :)
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