NEWS

• Posted February 06, 2019

National Health Insurance System - Contributions

As from 1 March 2019 Contributions on National Health Insurance System:

The General Healthcare System Law of 2001 (''GHS''), as amended, will come into effect in 2019 as from 01 March 2019. Individuals, employers and the government will contribute to the GHS.

As per the Law, from 01 March 2019 until 28 February 2020, the contributions are set at 1,70% for employees and pensioners, 1,85% for employers, 1,65% for the government, and 2,55% for self-employed individuals.

From 1 March 2020 onwards, the contributions will increase to 2,65% for employees and pensioners, 2,90% for employers, 4,70% for the government and 4% for self-employed.

Below, we sumarise, the relevant contributions per category:

Note: As per the Law the relevant contributions will be deducted from the entire earnings of the individuals (including dividends, interest and rental income) with a maximum cap of EUR180.000, per year. 

For more information or clarifications required contact us at: info@oxilium.com.cy