| Contributions to: | Employee | Employer | Self-Employed |
|
Social Insurance Contributions |
8,3% |
8,3% |
15,6% |
|
Social Cohesion Fund |
2,0% |
||
|
Redundancy Fund |
1,2% |
||
|
Industrial Training Fund |
0,5% |
||
|
Holiday Fund (if not exempt) |
8,0% |
General Health System Contributions for 2022
For the purposes of calculating the GHS contributions, gross emoluments are capped to €180.000 per annum. Below is set a table summarizing the relevant contributions:
Ref | Category | Source of Income | 1/1/2022 |
(i) | Employees | Emoluments | 2,65% |
(ii) | Employers | Employees’ emoluments | 2,90% |
(iii) | Self-Employed | Own Income | 4,00% |
(iv) | Pensioners | Pension | 2,65% |
(v) | Persons holding an office | Officers’ Remuneration | 2,65% |
(vi) | Republic of Cyprus or Natural/ Legal person responsible for the remuneration of persons holding | Officers’ Remuneration | 2,90% |
(vii) | Persons earning rental, interest, dividend and other income | Rent, interest and dividend | 2,65% |
(viii) | Republic’s Consolidated Fund | Emoluments/pensions of persons | 4,70% |
