SPECIAL CONTRIBUTION OF PRIVATE SECTOR EMPLOYEES,PENSIONERS AND SELF EMPLOYED INDIVIDUALS
As from 1 January 2017 Special Contribution has been abolished.
|Gross Monthly Income / Pension €||Contribution %||Contribution €||Cumulative Contribution €|
|1.501-2.500||2,5 (minimum €10)||25||25|
*The Special Contribution relates to services rendered in Cyprus or to any business carried on in Cyprus.
*The Special Contribution does not apply on retirement gratuities, on payments from approved provident funds, on remuneration of the crew of qualifying ships and on reimbursements of business expenses.
*For employees 50% is paid by the employer.
*For the period from 01/01/2012 till 31/12/2013 the progressive gross monthly emoluments scales were higher by €1.000.
*The gross emoluments for the self employed individuals, which consist of the earned profit, could not be lower than the amount on which the calculation for the Social Insurance Contributions is based.