The Social Security Rate For Employees in Cyprus stands at 8.80 percent. Social Security Rate For Employees in Cyprus averaged 7.59 percent from 2006 until 2026, reaching an all time high of 8.80 percent in 2024 and a record low of 6.30 percent in 2007. source: Inland Revenue Department of the Republic of Cyprus

Social Security Rate For Employees in Cyprus is expected to reach 8.80 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Social Security Rate For Employees is projected to trend around 8.80 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 12.50 12.50 percent Dec 2026
Personal Income Tax Rate 35.00 35.00 percent Dec 2026
Sales Tax Rate 19.00 19.00 percent Dec 2026
Social Security Rate 17.60 17.60 percent Dec 2026
Social Security Rate For Companies 8.80 8.80 percent Dec 2026
Social Security Rate For Employees 8.80 8.80 percent Dec 2026
Withholding Tax Rate 0.00 0.00 percent Dec 2025


Cyprus Social Security Rate For Employees
In Cyprus, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Cyprus because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.80 8.80 6.30 2006 - 2026 percent Yearly