English (United Kingdom)

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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