Two contributions come out of every Cyprus salary alongside income tax. Here are the 2026 rates and the caps that limit them.
See them on my salary →| Contribution | Rate | Annual cap |
|---|---|---|
| Social Insurance | 8.8% | €68,904 |
| GESY (GHS / ΓεΣΥ) | 2.65% | €180,000 |
Social Insurance is charged on your gross earnings up to the maximum insurable earnings ceiling of €68,904 for 2026 (up from €62,868 in 2025). Earnings above the ceiling are not subject to further Social Insurance. GESY is charged up to €180,000 of income.
Both contributions are tax-deductible. Income tax is calculated on your gross minus Social Insurance and GESY, so paying them lowers your taxable income. Together they come to 11.45% of gross (below the ceilings), which is comfortably within the deduction limits.
Employers pay their own share on top of your salary — Social Insurance of 8.8%, GESY of 2.90%, plus contributions to other state funds (Redundancy, Training, Social Cohesion) totalling roughly 4.7%. This is why the true cost of employing someone is noticeably higher than their gross salary. The calculator can show the full employer cost.
Self-employed people pay Social Insurance at 16.6% (on notional income bands set by the state) and GESY at 4.00%. See our self-employed guide for detail.