The Social Security Rate For Companies in Cyprus stands at 8.30 percent. source: Inland Revenue Department of the Republic of Cyprus

Social Security Rate For Companies in Cyprus averaged 9.91 percent from 2006 until 2020, reaching an all time high of 11.50 percent in 2014 and a record low of 7.80 percent in 2017. This page provides - Cyprus Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Social Security Rate For Companies - values, historical data and charts - was last updated on July of 2021.

Social Security Rate For Companies in Cyprus is expected to reach 7.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Social Security Rate For Companies is projected to trend around 7.80 percent in 2021 and 8.30 percent in 2022, according to our econometric models.

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Cyprus Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
8.30 8.30 11.50 7.80 2006 - 2021 percent Yearly

Cyprus Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 12.50 12.50 29.00 10.00 percent [+]
Personal Income Tax Rate 35.00 35.00 40.00 30.00 percent [+]
Sales Tax Rate 19.00 19.00 19.00 10.00 percent [+]
Social Security Rate 16.60 16.60 19.30 15.60 percent [+]
Social Security Rate For Companies 8.30 8.30 11.50 7.80 percent [+]
Social Security Rate For Employees 8.30 8.30 8.30 6.30 percent [+]


Cyprus Social Security Rate For Companies
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.