1. Worker details
Original detail | Translation | Other notes |
Ident. / Social Ins. No |
| In Cyprus, a Social Insurance Number is a unique identifier used to track an individual’s contributions to the social insurance system, which includes health, pensions, and unemployment benefits. |
2. Pay & deductions table breakdown
Original detail | Translation | Other notes |
Social Insurance |
| In Cyprus, the Social Insurance Contribution is a mandatory component of the payroll system. Workers typically pay 8.8% from their pay as of 1st January 2024. |
Income Tax |
| Income tax (PIT) rates and bands as of the last review on June 21, 2024:
0% for income up to €19,500 20% for income from €19,501 to €28,000 25% for income from €28,001 to €36,300 30% for income from €36,301 to €60,000 35% for income above €60,001 |
NHIS |
| The National Health Insurance System (NHIS) tax in Cyprus, also known as GESY (Γενικό Σύστημα Υγείας), is a contribution-based system aimed at providing universal healthcare coverage to all residents. Employees currently contribute 2.65% from their pay. |
3. Employer cost breakdown
4. Net pay due to worker
Net Salary