Payroll Costs Calculator
Our Payroll Costs Calculator quickly calculates your total payroll costs which includes the employee salary and employer’s contributions. In addition, the users have the option to define whether the holiday fund exception was obtained.
Users need to enter the yearly gross salary and define whether the holiday fund exception applies, the calculations are then performed automatically.
Disclaimer
The Payroll Cost Calculator (“This form”) is not a legal or Tax advice and no one should rely on it. This form has been prepared as a general guide for information purposes only as many other tax aspect should be taken into account. Please note that it is not a substitution for professional advice or an advice at all. One must not rely on the Income Tax Calculator without receiving independent advice based on the particular facts of his/her/its own case. No responsibility can be accepted by the authors or the company for any loss occasioned by acting or refraining from acting on the basis of this publication.
Visit the MyCyprusTax for more information on how to submit you income tax form.
Visit the Cyprus Tax Department for more information on how to calculate your taxes.
