Cyprus Social Insurance Update 2024: Now in Effect

Publisher: Acumen International: Global EOR/PEO

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Cyprus Social Insurance Update 2024: Now in Effect

📢 Cyprus Social Insurance Update 2024: Now in Effect 🇨🇾 🔔 As of 1 January 2024, new changes to Cyprus' social insurance are in effect. 🔍 Key Updates: 📈 Social insurance contribution rates for both employed and self-employed individuals in Cyprus have increased. 💰 The maximum insurable earnings cap for 2024 has been updated. 🧮 These adjustments are now impacting payroll planning and budgeting for businesses engaged with Cyprus. 🚀 Immediate Actions: ✔️ Ensure your business practices are aligned with the new rates for continued compliance. 💼 Update your financial plans to accommodate these changes. 🤝 Seek professional advice for tailored guidance on these updates. 📢 Stay Informed: Sign up for the Global Employment Tax & Compliance Newsletter to stay updated on hot labour and tax law changes across 190 countries: 🚀 Empower your global talent acquisition strategy with Global Payroll Calculator! 🌐 Quick, accurate, and always up-to-date with the latest tax laws.