High and Wet Entertainment Ltd

Hospitality & Tourism

Hospitality & Tourism

Nicosia

Makariou Avenue

High and Wet Entertainment Ltd was created in June 2020, amid the Covid-19 pandemic.

It managed to launch two successful and highly profitable conceptual bar restaurant ("Taratsa" & "Bar Souvenir") establishments in just eight months.

€

Children

Apply the child tax deduction Available when gross family income does not exceed €100,000 (1-2 children), €150,000 (3-4) or €200,000 (5 or more).

Include Holiday Fund 8%. Enable only where the employer is not exempt and owes a contribution to the Central Holiday Fund.

NET SALARY

€1,771 / month

€21,252 / year

Gross pay €2,000.00

Social Insurance -€176.00

GHS (GeSY) -€53.00

Income tax -€0.00

Net salary €1,771

11.5% Deductions

Indicative calculation based on standard 2026 Cyprus deductions and contributions. Not tax or accounting advice.

The amounts per salary are an annual average and may differ from the actual monthly payroll.

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