Tax estimates: what to set aside before it falls due
Cyprus tax does not arrive monthly but in bursts. Anyone who works it out at year-end learns the figure at the moment they should already have set it aside.
- Four items estimated as you go
- Non-dom switch
- Nothing is transmitted
- Corporate tax reserve
- GESY
- Social insurance
- Contribution on dividends
- 15%Corporate tax on operating profit, since 2026
- 4Items estimated continuously rather than once a year
- 2Shares on GESY and social insurance: employer and employee
- 1Switch for non-dom status
- 0Transmissions to any authority
What the tax estimate shows
Volk Accountant estimates four items as you go. The corporate tax reserve is calculated at 15% of operating profit, with a field for money already set aside so the remaining gap stays visible. GESY and social insurance are calculated with both the employer and the employee share from the salary on file. The contribution on dividends has a switch for non-dom status, because that status decides the burden. A yearly overview adds the effective overall tax rate. All figures are explicitly estimates for guidance and not a tax return; nothing is transmitted to an authority, and your accountant remains responsible.
What a Cyprus company is actually facing
Four different burdens, four different moments, two different authorities. Together they are the amount you should not spend.
The 15% has been the rate since the 2026 tax year; before that it was 12.5%. What else the reform changed (stamp duty abolished, the dividend contribution reduced, deemed distribution ended) is in the overview of the tax reform.
The field for money already set aside is the part spreadsheets usually leave out. An estimate that names only the total does not answer the question people actually have: how much is still missing.
- Corporate tax reserve15% of operating profit
- Already set asideits own field, shows the gap
- GESYemployer and employee share
- Social insuranceboth shares, from the salary
- Contribution on dividendswith a non-dom switch
- Yearly overvieweffective overall tax rate
What the non-dom switch changes
On the contribution on dividends it is not the size of the distribution alone that decides, but your status. So it is a switch here, not an assumption.
- 1
Set the status
Non-dom yes or no. The switch sits with the contribution, because that is exactly where it takes effect.
- 2
The estimate shifts
The burden on dividends is recalculated, and the yearly overview follows.
- 3
Have it checked
Whether the status applies, and for how long, is a question for your accountant. The estimate assumes it, it does not prove it.
Non-dom status in Cyprus is conditional and time-limited, and its value has shrunk since the reform. What it is actually worth today is in the article on non-dom status.
An estimate is not a return
This page is not selling tax advice. The distinction is not legal caution but a question of what the figures can actually do.
Not what it was built for
- Not a tax return and not a filing
- No check on whether an expense is deductible
- No payroll with IR7 and IR63
- No substitute for your accountant
This is what it was built for
- Knowing what to set aside
- Seeing the gap between reserve and need
- Knowing the effective overall rate through the year
- Not being surprised in spring
What actually gets filed is produced in the accountant portal. There from double-entry books, as a form with PDF and XML. The estimate here is what you need during the year, not what is submitted at the end of it.
What this feature does not do
We put this in writing because it affects the decision. Finding out after you have paid means you bought the wrong tool.
- Estimates for guidance, not a tax return. What gets filed is your accountant's call. These figures do not replace them.
- Nothing is transmitted. The estimate tells you what to set aside; filing happens in TAXISnet or Tax For All.
- No payroll. GESY and social insurance are estimated from a salary on file, not from a maintained payroll ledger.
Questions that come up before you start
Which rate does the corporate tax reserve use?
15 percent on the operating profit. Next to it sits a field for what you have already set aside, so the figure shown is the remaining gap rather than the whole sum you may long since have in the account.
Which charges does Volk Accountant estimate besides corporate tax?
GESY as the health system contribution and social insurance, both with the employee and employer share taken from the salary on file, plus the contribution on dividends with a switch for non-dom status. The yearly overview ends with the effective total tax rate.
Are these figures a tax return?
No, they are explicitly estimates for orientation. They tell you what to set aside, not what will be assessed. What gets filed is your accountant decision, and nothing is transmitted from here at all.
Does this replace payroll?
No. GESY and social insurance are estimated from a salary on file, not from a payroll run with payslips, wage types and annual returns. Anyone paying employees still needs the proper route for that.
What goes with this
Further reading
ReformThe Cyprus tax reform: what changed on 1 January 2026
Six amending laws, gazetted on 31 December 2025 and in force since the next morning. If you are working from a 2025 guide, at least eight things in it are now wrong.
TaxNon-Dom in Cyprus: What the Status Gives You and What It Does Not
Non-dom is sold as "0% on dividends". The status is real and substantial, but that figure is wrong: one contribution always remains, and it sits in a different statute.
PayrollPayroll in Cyprus: contributions, caps and monthly deadlines
Gross salary is only part of the cost. Six separate contributions sit on top of it, three of them capped and one deliberately not, and they are due to two different authorities through two different portals.
Enter your salary and look at the yearly overview
Start free for 14 daysChecked 4 October 2026