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| Cyprus Social Insurance Contributions |
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Social Insurance Contributions are payable by employees employer and self-employed persons on the basic of their insurance earnings. The current rates and upper limits are listed below. |
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Rates |
Employer's contributions. |
6,8% |
Employee contributions. |
6,8% |
Self-employeed contributions. |
12,6% |
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Maximum Level of Annual Income |
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EUR (€) |
Per Annum EUR (€) |
Weekly Employees. |
1.025 |
53.404 |
Monthly Employees. |
4.442 |
53.404 |
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Other's Employer's Contributions |
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Employer's Contribution |
Social Cohesion Fund. |
2,0% |
Redundancy Fund. |
1,2% |
Industrial Training Fund. |
0,5% |
Annual Leave Fund. |
8,0% |
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