Social Insurance Contributions for 2025 in Cyprus The Cyprus government has announced updates to the Social Insurance Contributions for 2025, including an increase in the maximum insurable amount. This update affects both employers and employees, as well as self-employed individuals. Below, we provide a comprehensive summary of the changes to help you understand their impact. New Maximum Insurable Amount for 2025 The maximum [...]
New Employer Obligations: Registering Employment Terms in the "Egani" System Deadline 28/02/2025 As we approach the new year, the Ministry of Labour and Social Insurance in Cyprus has introduced a crucial update for employers. Starting January 2, 2025, all employers are legally obligated to register essential employment terms for their employees in the governmental electronic system, "Egani." This requirement stems from the [...]
Revised Social Insurance Contribution Rates Starting 1st January 2024 Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Effective from 1st January 2024, there will be a change in the contribution rates to the Social Insurance Fund, as per the latest amendments in the Cyprus Social Insurance Law (59(I)/2010). These changes are as follows: For employed individuals, the contribution [...]
"ERGANI" Information System Implementation date 13 September 2021 Evidentrust would like to inform you that the Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the relevant Social Insurance (Contributions) (Amendment) Regulations of 2017 (Regulations 167/2017) will enter into force. The main amendments are the following: 1. The application for registration of an employer should be [...]
