P. Constantinou & Co post image with logo

General Healthcare System and Social Insurance contributions in Cyprus for the year 2021 will remain the same as in 2020.

Cyprus 2021 Social Insurance Contributions:

Please note that the Social cohesion fund is calculated on total remunerations and has no maximum level and that as from January 1st, 2021, the maximum amount applicable for Social Insurance contribution purposes is 57.408 euros per year, 4.784 euros per month for employees paid monthly, and 1.104 euros per week for employees paid weekly.

Cyprus 2021 General Healthcare System Contributions

In Cyprus, Individuals, employers, and the government contribute to the GHS that came into effect as of 1 March 2019.

For the purposes of calculating the GHS contributions, gross remunerations are capped to €180.000 per annum.  Also, Individual domicility is irrelevant for General Health System Contributions purposes.

Summarized General Healthcare System contributions from January 1st, 2021:

For more information and guidance regarding the General Healthcare System in Cyprus please feel free to contact us >