Following the first phase of the newly introduced healthcare system in Cyprus, which came into force on 1 March 2019, we would like to inform you that as from 1 March 2020 the contribution rates to the GHS will increase as shown in the table below.
Contribution Category | Up to 29 February 2020 % |
As of 1 March 2020 onwards % |
|
A) | Employees/ Pensioners/ Income Earners/ persons holding an office | 1,70 | 2,65 |
B) | Employers | 1,85 | 2,90 |
C) | Self-employed individuals | 2,55 | 4,00 |
D) | The Republic or natural/legal person responsible for the remuneration of Officers | 1,85 | 2,90 |
E) | The Republic | 1,65 | 4,70 |
Income Limit
For the purpose of calculating the GHS Contributions, gross emoluments are capped to €180.000 per annum with the exception of categories D and E above.