General Health System (GHS) Contributions will increase as from 01 March 2020
The General Health System (GHS commonly known as Gesy) has come into effect as of the 1st of March 2019.
The GHS contributions are as per below:
1. employer’s contribution is 1,85%
2. employee’s contribution is 1,70% on the employee’s gross earnings
3. self-employed individuals’ contribution is 2,55% on their gross earnings
Furthermore, as from the 1st of March 2020 and upwards the contributions rates are increased to 2,90% for employers, to 2.65% for employees and to 4,00% for self-employed individuals.
Please note these contributions are payable up to maximum annual earnings of €180.000.
Please find below a table summarizing the contribution rates for GHS in Cyprus: