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FSMO | GHS increase 1 March 2019
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GHS increase 1 March 2019

Mar 04 2020

GHS increase 1 March 2019

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

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.

Please make your relevant arrangements.

Let us know should you need any assistance.

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