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September 09, 2010
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us
115 Faneromenis Avenue
Antouanettas Building
2nd - 3rd Floor
6031 Larnaca
P.O.Box 40089, 6300 Larnaca
Cyprus
T: +357 2482 8244
F: +357 2481 8877
E:
info@kyrlaw.com.cy
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