The Social Security Rate in Cyprus stands at 16.60 percent. source: Inland Revenue Department of the Republic of Cyprus

Social Security Rate in Cyprus averaged 17.05 percent from 2006 until 2022, reaching an all time high of 19.30 percent in 2014 and a record low of 15.60 percent in 2017. This page provides - Cyprus Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Social Security Rate - values, historical data and charts - was last updated on March of 2023.

Social Security Rate in Cyprus is expected to reach 16.60 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Social Security Rate is projected to trend around 16.60 percent in 2024, according to our econometric models.

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Cyprus Social Security Rate

Related Last Previous Unit Reference
Corporate Tax Rate 12.50 12.50 percent Dec 2022
Personal Income Tax Rate 35.00 35.00 percent Dec 2022
Sales Tax Rate 19.00 19.00 percent Dec 2022
Social Security Rate 16.60 16.60 percent Dec 2022
Social Security Rate For Companies 8.30 8.30 percent Dec 2022
Social Security Rate For Employees 8.30 8.30 percent Dec 2022

Cyprus Social Security Rate
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
16.60 16.60 19.30 15.60 2006 - 2022 percent Yearly