Cyprus Social Insurance Contributions – Update

Cyprus Companies and their employees are kindly reminded that contributions to the Social Insurance Authority of Cyprus as of 1 January 2019 increased from 7.8% to 8.3% respectively for each party.
Moreover, contributions for self-employed have increased from 14.6% to 15.6% while optionally insured employees i.e. employees employed by a Cypriot Company oversees will increase their contributions from 15.6% to 16.6%.