Social Insurance Calculator
Social Insurance Contributions for Cyprus companies are as follows:
| EMPLOYER | |
|---|---|
| Employers Contribution | 8.3% |
| Employers GeSH | 2.9% |
| Social Cohesion Fund | 2% |
| Redundancy Fund | 1.2% |
| Industrial Training | 0.5% |
| EMPLOYEE | |
|---|---|
| Employees Contribution | 8.3% |
| Employees GeSH | 2.65% |
Note: The maximum amount of insurable earnings for 2023 has been revised upwards from the previous year to €1.155 per week, €5.005 per month and €60.060 per annum