The Social Security Rate For Companies in Cyprus stands at 8.30 percent. Cyprus Social Security Rate For Companies - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate For Companies in Cyprus averaged 10.03 percent from 2006 until 2019, 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.

Social Security Rate For Companies in Cyprus is expected to reach 8.30 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 8.30 percent in 2021, according to our econometric models.


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Cyprus Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
8.30 7.80 11.50 7.80 2006 - 2019 percent Yearly


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.