As mentioned earlier on contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.
Starting with some background information, as from 1 March 2019, when the GHS Law came in to effect, employers are required to contribute 1.85% on the gross emoluments of employees, who are also required to contribute 1.70% on their emoluments and other income (e.g. rent, dividends, interest, etc.). The contribution rate for self-employed persons is 2.55%. The state is also required to contribute at 1.65% on the gross emoluments.
As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed persons and 4.70% for the state.
Pensioners, people with other income (as explained above), people with income from office or position or persons responsible for the remuneration of such people are also required to contribute to the GHS.
The table below summarises the contribution rate for the different categories of participants to GHS.
| Contribution Category | Up to 29 February 2020 | From 1 March 2020 onwards |
|
| % | % |
| Employees/ Pensioners/ Income Earners/ Persons holding an office | 1,70 | 2,65 |
| Employers | 1,85 | 2,90 |
| Self-employed individuals | 2,55 | 4,00 |
| Persons responsible for the payment of remuneration to Government Officials | 1,85 | 2,90 |
| State as a contributor | 1,65 | 4,70 |
Contributions should be made as long as they relate to persons, who are resident of Cyprus irrespective of whether they are domiciled or not.
For the purposes of calculating the contributions, gross emoluments and other income are limited to €180,000 per annum.
All relevant information can be found on the website of the Health Insurance Organisation.
