Higher social contributions burden both employees and employers

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Higher social contributions burden both...
 © In-Cyprus 2019
The burden for both employers and employees in Cyprus is getting bigger and bigger these days with higher contributions to the Social Security Fund on the one hand. And, on the other, the gradual contribution to the island’s recently implemented General Health Scheme (Gesy).

Employee and employer contributions to the Fund increased from 7.8% to 8.3% since January 1, 2019. At the same time, the gradual rise in contributions to Gesy means additional costs to both the disposable income of employees as well as to the businesses that have hired them.

Specifically, as of...


This article was automatically added to our system 21-10-2019

Higher social contributions burden both employees and employers


The contents of this article including any associated images are © In-Cyprus 2019
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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Article Tags: higher, social, contributions, burden, employees, employers,