Madama Residence Ltd

Hospitality & Tourism

Hospitality & Tourism

Nicosia

Pithonos 11, 1011 Nicosia

Madama is a small luxury boutique hotel and restaurant in the old part of Nicosia, Cyprus.

€

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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