Increase of Contributions to Social Insurance Fund
Since the beginning of the year, the contribution rate to the Social Insurance Fund was increased by 0.5% for employees, employers, self-employed persons and voluntary insured persons, on the basis of the Social Insurance...
Confusion among businesses about Benefits in Kind
The provision of Benefits in Kind is a practice currently followed by a significant number of businesses across Cyprus, with the aim of both creating an attractive package that appeals to trained and specialised...
Increase in Social Insurance Contributions and Implementation of the National Health Insurance System
The Social Insurance plan and the imminent implementation of the National Health Insurance System (NHIS) are among the most crucial chapters of the state’s Social Policy. As of 1 January 2019, there will be...
Brexit: Residence rights of UK nationals in Cyprus
On 23 June 2016, the majority of the UK's electorate voted to leave the European Union. As a result "Brexit" is expected to become effective on 29 March 2019 after the negotiations on the...
Ambiguities and concerns in the implementation of the Explanatory Circular for Benefits in Kind
In line with an international trend that has been gaining ground over recent years, many Cypriot companies are now offering a wide range of Benefits in Kind (use of company and private vehicles, employee stock...
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