• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications Articles

Social Insurance and National Health Service contribution rates for 2019

March 13, 2019
in Articles
Reading Time: 2 mins read
Social Insurance and National Health Service contribution rates for 2019

Published by: P. Constantinou & Co. Ltd

As from 1/1/2019 the social insurance rates for both employees and employers has increased by 0.5% on the insurable earnings of the employee.

Social Insurance Contributions rates

Therefore the rates for social insurance contributions as from 1/1/2019 are 8.3% (increased from 7.8%) for both employees and employers. The maximum amount of insurable earnings has been revised upwards from the previous year to €1.051 per week, €4.554 per month and €54.648 per annum.

For self-employed individuals the contributions have increased from 14.6% to 15.6%.

National Health Service (NHS) rates

As from 1/3/2019 the first phase of the NHS will be implemented. The rates for NHS fund will be as follows:

CONTRIBUTORS CATEGORIES March 2019 March 2020
Phase Α΄ Phase Β΄
Employees 1,70% 2,65%
Pensioners 1,70% 2,65%
Other income (incl. rent, interest, dividends) 1,70% 2,65%
Person holding an office 1,70% 2,65%
Self Employed 2,55% 4,00%
Employers (for employees) 1,85% 2,90%
State (for employees, pensioners, government officials, self-employed) 1,65% 4,70%
For the calculation of the contribution per natural person there is a limit of €180.000 on the income.

 

ShareTweetShare
Previous Post

Cyprus Tax Webcast February 2019 by the Deloitte Tax Team

Next Post

CIFA Joins the International Investment Funds Association

Next Post

CIFA Joins the International Investment Funds Association

Newsletter

Latest News

mergers and aquisitions
Publications

60% of global CEOs are not planning to delay M&A deals into 2023

January 30, 2023

60% of global CEOs are not planning to delay M&A deals into 2023, even as deals activity falls below record...

Read more
Tax for all

Tax For All (TFA): the Unified Tax Management System of the Tax Department

January 30, 2023
tax debts paid through internet banking

Tax debts arising after a tax notice, ONLY paid through Internet banking

January 27, 2023

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
Menu
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
Menu
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo-lawyers-in-cyprus
lawyers-malta
2022 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb
  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.