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Social Security Rate for Companies and Employees in Cyprus

Social Security Rate Data in Cyprus

Indicator Data Period
Social Security Rate 16.6 % 2020
Social Security Rate For Companies 8.3 % 2020
Social Security Rate For Employees 8.3 % 2020


Latest data on Social Security Rate (%)

Social Security Rate
                     Cyprus - Historical Data (%)

What is Social Security Rate in Cyprus?

  • Social Security Rate in Cyprus remained unchanged at 16.6 % in 2020. The maximum rate was 19.3 % and minimum was 15.6 %.
  • Data published Yearly by Inland Revenue Department.

Historical Data (%) by years

Data
Period
Date
16.6 2020 16.09.2020
16.6 2019 18.06.2019
15.6 2018 13.02.2018
19.3 2016 11.08.2017


Historical Chart by presidents (%)

Social Security Rate in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicos Anastasiades 28.02.2013 - 19.3000 15.6000 19.3000 15.6000 -19.17%


Latest data on Social Security Rate For Companies (%)

Social Security Rate For Companies
                     Cyprus - Historical Data (%)

What is Social Security Rate For Companies in Cyprus?

  • Social Security Rate in Cyprus remained unchanged at 8.3 % in 2020. The maximum rate was 11.5 % and minimum was 7.8 %.
  • Data published Yearly by Inland Revenue Department.

Historical Data (%) by years

Data
Period
Date
8.3 2020 16.09.2020
8.3 2019 17.06.2019
7.8 2018 12.02.2018
11.5 2016 11.08.2017
11.5 2015 31.12.2015
11.5 2014 31.12.2014
10.5 2013 31.12.2013
10.5 2012 31.12.2012


Historical Chart by presidents (%)

Social Security Rate For Companies in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicos Anastasiades 28.02.2013 - 11.5000 7.8000 11.5000 7.8000 -32.17%


Latest data on Social Security Rate For Employees (%)

Social Security Rate For Employees
                     Cyprus - Historical Data (%)

What is employer Social Security rate in Cyprus?

  • Corporate Tax Rate in Cyprus remained unchanged at 8.3 % in 2020. The maximum rate was 8.3 % and minimum was 6.3 %.
  • Data published Yearly by Inland Revenue Department.

Historical Data (%) by years

Data
Period
Date
8.3 2020 16.09.2020
8.3 2019 17.06.2019
7.8 2018 12.02.2018
7.8 2016 11.08.2017
7.8 2015 31.12.2015
7.8 2014 31.12.2014
6.8 2013 31.12.2013
6.8 2012 31.12.2012


Historical Chart by presidents (%)

Social Security Rate For Employees in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicos Anastasiades 28.02.2013 - 7.8000 7.8000 7.8000 7.8000 0.00%

Other taxes in Cyprus

Index Updated Actual Previous
Corporate Tax Rate 2020 12.5 % 12.5
Personal Income Tax Rate 2020 35 % 35
Sales Tax Rate 2020 19 % 19

Social Security Rate in other countries

Country Updated Actual Previous
Austria 2020 39.5 % 39.5
Ireland 2020 15.05 % 14.95
Luxembourg 2020 27.44 % 27.6
Spain 2020 36.25 % 36.25
Iceland 2018 10.84 % 10.84
Norway 2020 22.3 % 22.3
Belarus 2019 35 % 35
Belgium 2020 40.57 % 40.57
Bulgaria 2019 32.8 % 32.8
Croatia 2019 36.5 % 37.2
Cyprus 2020 16.6 % 16.6
Czech Republic 2019 45 % 45
Denmark 2018 8 % 8
Estonia 2020 37.4 % 37.4
Finland 2020 32.52 % 29.96
France 2020 68 % 68
Germany 2020 40.01 % 39.91
Greece 2020 40.56 % 41.06
Hungary 2019 39.5 % 39.5
Italy 2020 39.49 % 39.49
Latvia 2020 35.09 % 35.09
Lithuania 2020 21.27 % 21.27
Malta 2020 20 % 20
Moldova 2018 29 % 29
Montenegro 2019 34.3 % 34.3
Netherlands 2020 50.84 % 47.45
Poland 2020 35.85 % 34.71
Portugal 2020 34.75 % 34.75
Romania 2019 37.25 % 37.25
Russia 2019 30 % 30
Serbia 2019 37.05 % 37.8
Slovakia 2020 48.6 % 48.6
Slovenia 2020 38.2 % 38.2
Sweden 2020 38.42 % 38.42
Switzerland 2020 12 % 12
Turkey 2020 37.5 % 37.5
Ukraine 2019 22 % 22
United Kingdom 2020 27.8 % 25.8
Albania 2019 24.5 % 24.5
Bosnia and Herzegovina 2019 41.5 % 42
Kosovo 2020 10 % 10