The Social Security Rate in Cyprus stands at 17.60 percent. Social Security Rate in Cyprus averaged 17.06 percent from 2006 until 2024, reaching an all time high of 19.30 percent in 2014 and a record low of 15.60 percent in 2017. source: Inland Revenue Department of the Republic of Cyprus

Social Security Rate in Cyprus is expected to reach 17.60 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Social Security Rate is projected to trend around 17.60 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
Corporate Tax Rate 12.50 12.50 percent Dec 2024
Personal Income Tax Rate 35.00 35.00 percent Dec 2024
Sales Tax Rate 19.00 19.00 percent Dec 2024
Social Security Rate 17.60 16.60 percent Dec 2024
Social Security Rate For Companies 8.80 8.30 percent Dec 2024
Social Security Rate For Employees 8.80 8.30 percent Dec 2024
Withholding Tax Rate 0.00 0.00 percent Dec 2024

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
17.60 16.60 19.30 15.60 2006 - 2024 percent Yearly