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Social Insurance Contributions: 2023 maximum level of emoluments
The Social Insurance Contributions rate of 8,3% is applied to a maximum level of emoluments.
For 2023, the yearly maximum level of emoluments is €60.060.
The rate of 8,3% applies for both the employer and the employee as from 1 January 2019 and for the next five years. Thereafter, the rate will increase every five years by 0,5% until it reaches 10,3% as from 1 January 2039.
The following table summarises the changes in the maximum level of emoluments, over the years 2019 - 2023:
We remain at your disposal for anything you may need in connection with the above.
Contact person
Stelios Ioannou
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+357 22 100 192
Managing Director