The Social Insurance contributions and the contributions to the General Healthcare System for 2022 remain the same as in 2021.
Social Insurance Contributions for 2022
The Social Insurance Contributions for 2022 are summarized below:
Contributions:
| Contributions | Employee | Employer | Self-Employed |
| Social Insurance Contributions | 8,3% | 8,3% | 15,6% |
| Social Cohesion Fund | 2,0% | ||
| Redundancy Fund | 1,2% | ||
| Industrial Training Fund | 0,5% | ||
| Holiday Fund (if not exempt) | 8,0% |
* Note 1: Social cohesion fund is calculated on total emoluments and has no maximum level.
* Note 2: As from 1st of January 2022, the maximum amount applicable for Social Insurance contribution purposes
is €58.080 p.a., €4.840 per month for monthly paid employees and €1.117 per week for weekly paid employees.
General Health System Contributions for 2022
Individuals, employers and the government contribute to the GHS. For the purposes of calculating the GHS
contributions, gross emoluments are capped to €180.000 per annum.
The table below summarize the NHS Contributions:
| Ref | Category | Sources of Income | 1/1/2022 |
| (i) | Employees | Emoluments | 2,65% |
| (ii) | Employers | Employees’ emoluments | 2,90% |
| (iii) | Self-Employed | Own Income | 4,00% |
| (iv) | Pensioners | Pension | 2,65% |
| (v) | Persons holding an office | Officers’ Remuneration | 2,65% |
| (vi) | Republic of Cyprus or Natural/ Legal person responsible for the remuneration of persons holding an office |
Officers’ Remuneration | 2,90% |
| (vii) | Persons earning rental, interest, dividend and other income |
Rent, interest and dividend | 2,65% |
| (viii) | Republic’s Consolidated Fund | Emoluments/pensions of persons in (i), (iii), (iv) and (v) |
4,70% |
It is noted that for General Health System Contributions purposes domicility of the individual is irrelevant.
In addition, please note that non-Cyprus tax resident individuals having Cyprus sourced income (i.e. rental
income) are liable to pay GHS contributions at the applicable rate.
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