In continuation of the announcement published on April, we would like to inform you that from 1st March 2020 the contributions for the NHS will be increased from 1,70% to 2,65% for employees and pensioners , from 1,85% to 2,9% for employers and to 4% self-employed. The contribution will be deducted from the entire earnings of the individuals up to a maximum of €180.000.
Table below summarizes the contribution rates:
|
Ref |
Category |
Applicable From 1/3/2019 |
Applicable From 1/3/2020 |
|
1 |
Employees |
1,70% |
2,65% |
|
2 |
Employers |
1,85% |
2,90% |
|
3 |
Self-Employed |
2,55% |
4,00% |
|
4 |
Pensioners |
1,70% |
2,65% |
|
5 |
Persons holding an office |
1,70% |
2,65% |
|
6 |
Republic of Cyprus or Natural/ Legal person responsible for the remuneration of persons holding an office |
1,85% |
2,90% |
|
7 |
Persons earning rental, interest, dividend and other income |
1,70% |
2,65% |
|
8 |
Republic’s Consolidated Fund |
1,65% |
4,70% |
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