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Cyprus increases Social Insurance Contributions

On the basis of an initiative of the Ministry of Finance, the Cyprus House of Parliament has approved a new amendment in Social Insurance Legislation, providing the increase of contributions to the Social Insurance Fund for employers, employees and self employed persons as from 1.4.2009 and until 31.12.2013.

The increases are as follows:

  From To
  % %
Employers 6,3 6,8
Employers 6,3 6,8
Self-employed 11,6 12,6