Employers in Cyprus are set to adjust their payrolls according to the imminent implementation of the National Health Insurance System (NHIS/GESY). Coming into effect for its first phase on March 1st 2019, contributions from employees and employers will be as follows:

From 1 March 2019 (outpatient care only)

• Employees (and pensioners): 1.70%
• Employers: 1.85%
• Government: 1.65%
• Self-employed: 2.55%

From 1 March 2020 (inpatient and outpatient care)

• Employees (and pensioners): 2.65%
• Employers: 4.70%
• Government: 4.70%
• Self-employed: 4%

The NHIS contributions will be deducted from the employee’s entire earnings up to €180,000. The contributions will be paid to the Social Insurance Fund.

About the NHIS

The NHIS will transform the existing healthcare system in Cyprus, giving the public the chance to reduce out-of-pocket spending and have equal access to a range of services including GPs, specialist doctors and surgery for free.

Intelisoft has already adjusted its software and Payroll system to accommodate the NHIS contributions as well as the latest tax rules and social insurance rates that were introduced in January. For more information, do not hesitate to contact our support team – they will be happy to walk you through any modifications in the system.