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      The Department of Social Insurance Services lays down yearly the maximum amount of earnings used for the purpose of calculating the contributions to the Social Insurance, Redundancy, Training and Development Funds.

      Based on an announcement issued on 2/1/2025 by the Social Insurance Services Department, the maximum amount of insurable earnings for 2025 has been revised upwards from the previous year to €1.281 per week, €5.551 per month and €66.612 per annum.

      It is noted that contributions to the Social Cohesion Fund are calculated on actual earnings, not subject to the above caps.

      Please refer to the below summary table for the applicable contribution rates which are payable by employers and employees for 2025:

      Social insurance contribution rates for 2025

       

       

      Fund

      Employer

      Employee

       

      Social Insurance

      8,8%

      8,8%

      C

      Redundancy

      1,2%

      -

      C

      Training and Development

      0,5%

      -

      C

      Social Cohesion

      2,0%

      -

      N.C

      Total

      12,5%

      8,8%

       

      C=Cap at EUR 5.551 /month., N.C= No Cap

      Social insurance contributions applicable to self-employed persons

      The contribution of self-employed persons for 2025 will remain unchanged at 16,6% on insurable earnings.

      Minimum insurable earnings by occupational category

      The table which summarises the minimum applicable insurable earnings of self-employed persons for 2025 by occupational category, as issued by the Department of Social Insurance Services, can be accessed here.

      Amounts of social insurance contributions due for 2025

      The table issued by the Department of Social Insurance Services which summarises the amounts of contributions due for each quarter of 2025, based on the minimum weekly insurable earnings of self-employed persons, according to the table referenced in the above immediate section, can be accessed here.

      KPMG Cyprus has a specialised team that can provide custom tailored assistance to employers and self-employed individuals with regards to their Cyprus social insurance obligations. 

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      George Markides
      Board Member
      Head of Tax Services
      KPMG Limited

      Michael Halios
      Board Member
      International Tax Services
      KPMG Limited

      Costas Markides
      Board Member
      International Tax Services
      KPMG Limited

      Michalis Loizides
      Board Member
      Tax Services
      KPMG Limited

      Katia Papanicolaou
      Board Member     
      Direct Tax Services        
      KPMG Limited