You are here: Home CYPRUS TAX Cyprus Taxation 2018 SOCIAL INSURANCE CONTRIBUTIONS

SOCIAL INSURANCE CONTRIBUTIONS

Social insurance and other contributions are calculated at the following rates on employee’s gross weekly/monthly emoluments.

Percentage of Earnings
Fund	Employer	Employee	Self Employed
Social Insurance fund	7.8%	7.8%	14.6%
Redundancy fund	1.2%
Training Development fund	0.5%
Social Cohesion fund	2%
Holiday Fund (If is not exempt)	8%
TOTAL	11.5%	7.8%	14.6%

Limits

The following are the upper limits on employee’s gross emoluments:

	Per week €	Per month €	Per annum €
Weekly employees	1.046	.......	54.392
Monthly employees	.......	4.533	54.396

Deadline for Contribution Payments

For Employers	Paid monthly	Not later than the end of the calendar month following the month that the contributions relate
For Self Employed	Paid quarterly: January - March April - June July - September October - December	10th day following the end of the month following the end of each quarter

More in this category: « IMMOVABLE PROPERTY & ESTATE DUTY STAMP DUTY »

TAXATION BY YEAR

formation co

Cyprus Company formation for trade, service, e-commerce, IPs.

learn the criteria

Cyprus, a Member State of the European Union, has been an important centre for trade and commerce since antiquity.
The small but dynamic country has a long established reputation as a “Centre of Excellence” for international business activities Read more...

trust form

Trust Formation for effective wealth management and succession planning.

learn the criteria

Forming a company in Cyprus can take the form of a private or public limited liability companies by shares and companies limited by
guarantee which are all incorporated pursuant to the Cyprus
Companies Law. Read more...

live work

Live and work in cyprus for non-european citizens

learn the criteria

Get in touch with P. KALOPETRIDES & CO. for a tailor made advice on the process for acquiring permanent residency
We provide guidance on the documents required and assist with preparation (employment agreement and the like. Read more...

Call us and schedule your meeting today! CONTACT US

Click here for 2GIS Directions

Click here for Google Maps Directions