Working in Cyprus - Remuneration

The minimum gross monthly wage is fixed at €658, rising to €700 after six months’ in the employment.

The pay slip must state the employee’s name, the basic salary, the deductions and the net salary. The usual method of payment is by a cheque accompanied by the pay slip. Alternatively, the salary may be paid into a bank account and the employee may be given just the pay slip.

In most cases there are 12 monthly salaries plus a 13th salary at Christmas. Some companies pay a 14th salary, usually at Easter. If there is a collective agreement, payment is in accordance with those standards.

The company (employer) is responsible for paying in the employee’s social insurance contributions and income tax. The employee is given information about the total deductions at the end of the year, and during the year the deductions are shown on the payslip.

• Useful information can be obtained from the Department of Labour Relations (+357 22 451 500/1) or by telephoning the Ministry of Labour and Social Insurance (+357 22 401 600).

Text last edited on: 12/2007

Source: European Union
© European Communities, 1995-2008
Reproduction is authorised.