The levy on deposits in Cypriot banks by savers with more than €100,000 is likely to be "under or around 30 per cent", a spokesman for the Cypriot government has said.
Christos Stylianides was questioned over the level of losses on uninsured depositors during an interview with state radio.
Cyprus' rescue deal has sent shivers through southern Europe after a key eurozone figure said it would be a model for future bailouts.
The future is uncertain for the people who must live with the consequences of Cyprus' "painful" bailout deal.
The Dutch Finance Minister has said the bank levy 'bail-in' on large depositors "pushes back the risks" from the rest of the eurozone.