Euroaudit wishes to notify our clients and associates that as of January 1st, 2024, there will be amendments to the social insurance fund contributions in accordance with Social Insurance Law 59(I) of 2010.

As per the Social Insurance Law of 2010 regulations, starting January 1st, 2024, employers and employees will be required to contribute an additional 0.6% to the Social Insurance Fund on their insurable earnings. The contribution rate will increase from the current 8.3% to 8.8%.

Read the full announcement on the updated Social Insurance Contributions in Cyprus for 2024