National Health Insurance System (NHIS)

As from 1 March 2019 all employees, pensioners, self-employed and persons having rental income must contribute 1,7% of their monthly income (self-employed persons must contribute 2,55%) to the National Health Insurance System (ΓεΣΥ). Employer’s contributions will be 1,85% and the State will contribute 1,65% for each state employee and pensioner.

NHIS contributions are paid on all employee earnings up to a maximum of €180.000.

If a person is not a tax resident of Cyprus, will pay contributions only for the income, earnings and pensions that derive from the Republic of Cyprus, excluding dividends and interest.

Latest news

European Conference showcases commitment

Turning global economic challenges into opportunities and facilitating greater member collaboration were the key themes of Morison KSi’s first conference of 2019.     …

Published: Friday 17 May, 2019

Cyprus - Andorra Double Tax Treaty

The double tax treaty with Andorra which was signed on 18 May 2018 will come into effect on 1st January 2020. The main provisions of the treaty are as follows: - Dividends, interest and royalties - no withholding tax will be levied on dividend interest or royalty payments.…

Published: Thursday 04 April, 2019

Extension to the deadline for the submission of tax returns

It has been announced by the Cyprus Tax Authorities that the deadline for the submission of income tax returns for the year 2017 of a company (IR4) and self-employed persons who prepare financial statements (IR1) has been extended from 31 March 2019 to 30 April 2019. Late submission will result t...…

Published: Friday 29 March, 2019