Payroll Contributions
General Health Service (GHS) tax
Both domiciled and non-domiciled Cyprus tax resident individuals are subject to GHS. In certain circumstances non- CY tax residents are also subject to GHS. Companies are not subject to GHS. The table below shows the GHS rates.
| Type of income | CY tax resident | Non-CY tax resident | Rate |
| Salary from Cyprus | Y | Y | 2.65% |
| Salary from abroad | Y | N | 2.65% |
| Benefits from salaried services in Cyprus | Y | Y | 2.65% |
| Benefits from salaries services from abroad | Y | N | 2.65% |
| Income of self-employed individuals in Cyprus | Y | Y | 4% |
| Income of self-employed individuals from Cyprus | Y | N | 4% |
| Pension from employment in Cyprus | Y | Y | 2.65% |
| Pension from employment abroad | Y | N | 2.65% |
| Dividend income from Cyprus | Y | N | 2.65% |
| Dividend income from abroad | Y | N | 2.65% |
| Interest income from Cyprus | Y | N | 2.65% |
| Interest income from abroad | Y | N | 2.65% |
| Rental income from property located in Cyprus | Y | Y | 2.65% |
| Rental income from property located abroad | Y | N | 2.65% |
Social Insurance
All employed or self-employed persons are insured under the Social Insurance Scheme. Each employer must register with the Employers’ Register of the Social Insurance and is obliged to register all employees and pay monthly contributions to the Social Insurance.
The below table summarizes the relevant rates applicable for 2024:
| Contributions | Employee | Employer | Maximum Insurable Amount |
| Social Insurance Contributions | 8.8% | 8.8% | €62.868 |
| Social Cohesion Fund | 0% | 2% | n/a |
| Redundancy Fund | 0% | 1.2% | €62.868 |
| Human Resources Fund | 0% | 0.5% | €62.868 |
| GHS | 2.65% | 2.9% | €180.000 |