Social Insurance

The rate of Social insurance contributions is applied to a maximum level of emoluments. The maximum level of emoluments for 2014 and 2013 is €54.396 (weekly €1.046/monthly €4.533).

The rate for 2014 is 7.8% for both the employer and the employee.
The rate for 2013 is 6.8% for both the employer and the employee.

  • Other employer's contributions

The employer makes the following other contributions based on employee's emoluments:

 


%

Social cohesion fund

2,0*

Redundancy fund

1,2**

Industrial training fund

0,5**

Holiday fund (if not exempt)

8,0**

 

*Social cohesion fund is calculated on total emoluments and has no maximum level.

**Restricted to the maximum level of emoluments as with the social insurance contributions.

The contributions of self-employed persons are 14,6% (12,6% for 2013) of income. The amount of the contributions is subject to a lower and a maximum limit, depending on the profession or trade of the Self-Employed Person. These limits are set on an annual basis.

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2014 Tax diary

Posted: November 24, 2014
End of each monthPayment of tax deducted from employees salary (PAYE) in the preceding…

2013 Tax diary

Posted: November 20, 2014
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Posted: November 20, 2014
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