Cyprus News: Social Insurance Contributions for the year 2026

The applicable rates for different funds contributions for the year 2026 are listed below:

Contributions Employee Employer Self-Employed
Social Insurance Contributions 8,8% 8,8% 16,6%
Social Cohesion Fund 2,0%
Redundancy Fund 1,2%
Industrial Training Fund 0,5%
Holiday Fund (if not exempt) 8,0%

 

Note 1:

The Social cohesion fund is calculated on total emoluments and has no maximum level.

Note 2:

As from 1 January 2026, the maximum amount applicable for social insurance contribution purposes has increased to €68.904 per annum, to €5.742 per month for monthly paid employees and to €1.325 per week for weekly paid employees.