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Posts Tagged ‘Social Insurance’

Deadline for Submission of Employer’s Return Extended

The deadline for submission of the Withholding Taxes and Contributions Return for the year 2023 has been extended from 31 May 2024 to 31 July 2024. The Return...

Submission of Personal Income Tax Return for 2023

The Cyprus Tax Department announced on 20 May 2024 that the Income Tax Return for 2023 is available for submission through...

Deadline for Submission of Employer’s Return

The deadline for submission of the Withholding Taxes and Contributions Return or the year 2023 is on 31 May 2024.The Return, otherwise known as the Employer’s Return, provides...

Employer’s Return – New Submission Procedure

As announced by the Tax Department on 21 February 2024, as part of the gradual implementation of the Tax For All platform, the Withholding Taxes and Contributions Return...

Changes in Employment Contributions for 2024

As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased by 0,5% and for self-employed individuals by 1%.

Earnings Threshold for Employment Contribution Purposes for 2023

The earnings cap for Social Insurance purposes for 2023 has increased to €60,060 per annum (2022: €58,080 per annum).
It is reminded that the contributions an employer is required to make...

Electronic Submissions and Payment of Overdues to Social Insurance Department

The Cyprus Ministry of Labour and Social Insurance has recently announced the following in relation to electronic submissions and payments...

Third Country Nationals Relocating to Cyprus – New Options

The Council of Ministers of the Republic of Cyprus recently approved new regulations permitting the issuance of immigration permits for third country nationals in the following cases...

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