SmartPay

Banking & Financial Services

Nicosia

Leoforos Akropoleos, 67

Overview

A Payment Institution licensed by the Central Bank of Cyprus with a Head Office in Nicosia and customer service points around Cyprus. The institution offers payment services for more than 12 years in Cyprus and more than 9 years in Greece with a separate licensed local entity.

€

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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