Andersen Legal in GreeceThe applicable rates for different funds contributions for the year 2025 for Cyprus 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 2025, the maximum amount applicable for social insurance contribution purposes has increased to €66.612 p.a. from €62.868 p.a., to €5.551 from €5.239 per month for monthly paid employees and to €1.281 from €1.209 per week for weekly paid employees.
A new Degree was issued on 20 December 2024 and which creates an obligation for Employers to register the Essential Terms of Employment for all of their Employees in the «ERGANI» Information System by the end of February 2025.
For further information concerning the above Degree you may contact the Department of Labour Relations of the Ministry of Labour and Social Insurance Department at telephone 22803100 or by e-mail through the «ERGANI» System.