General Healthcare System

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Table -  4 Column
Source
in Millions
Cyprus tax resident
Companies
per Sq KM
Cyprus tax resident and
domiciled individuals
in Million of $
Cyprus tax resident but
non-domiciled individuals
in Million of $
Dividends from Cyprus tax resident companies
0% 

17% if received after the lapse of 4 years fromthe end of the year in which the profits were distributed
17%
0%
Dividends from non-Cyprus tax resident companies
0% 

However, 0% andnot 17% is applicable when:
a) more than 50% of the foreignpaying company’s activities result directly or indirectly in investment income,and
b) theforeign tax is significantly lower than the tax burden in Cyprus, i.e. lessthan 6,25%
17%
0%
Interest income arising from the ordinary activities or closely connected with theordinary activities of the business
0% but subject to corporation  tax
0% but subject to personal tax
0% but subject to personal tax
Other interest income
30%
30% (subject to conditions)
0%
Rental income less 25%
3%
3%
0%
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Transfer to children
0%
Transfer to spouse
0,1%
Transfer to a relative (up to 3rd degree)
0,1%
Penalties
Annual wear and tear allowances on assets
Rate %
in Millions
Late registration
€ 85 per month
Late deregistration
€85 one off
Late submission of VAT return
€100 per return
Late submission of VIES return
€50 per return
Late submission of Intrastat return
€15 per return
Late correction of mistake on VIES return
€15 per return
Failure to issue a lawful receipt
20% of the value of the supply
 Late payment of VAT
(i) 10% of the payable amount (one off)
(ii) and interestfor any complete month for which the amount remains due
Non-settlement of VAT amounts
Interest for every complete month for which the  amount remains due
Failure to apply the reverse charge  provisions
€200 per return which will not exceed the  penalty of €4.000
Table - 2 Column Wide
Period
Interest rate %
in Millions
Up to 31 December 2016
9
01/01/2007 – 31/12/2009
8
01/01/2010 – 31/12/2010
5,35
01/01/2011 – 31/12/2012
5
01/01/2013 – 31/12/2013
4,75
01/01/2014 – 31/12/2014
4,5
01/01/2015 – 31/12/2016
4
01/01/2017 – 31/12/2018
3,5
01/01/2019 – 31/12/2019
2
01/01/2020 – 31/12/2021
1,75
From 1 January 2022
1,75

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Table -  4 Column
Source
in Millions
Cyprus tax resident
Companies
per Sq KM
Cyprus tax resident and
domiciled individuals
in Million of $
Cyprus tax resident but
non-domiciled individuals
in Million of $
Dividends from Cyprus tax resident companies
0% 

17% if received after the lapse of 4 years fromthe end of the year in which the profits were distributed
17%
0%
Dividends from non-Cyprus tax resident companies
0% 

However, 0% andnot 17% is applicable when:
a) more than 50% of the foreignpaying company’s activities result directly or indirectly in investment income,and
b) theforeign tax is significantly lower than the tax burden in Cyprus, i.e. lessthan 6,25%
17%
0%
Interest income arising from the ordinary activities or closely connected with theordinary activities of the business
0% but subject to corporation  tax
0% but subject to personal tax
0% but subject to personal tax
Other interest income
30%
30% (subject to conditions)
0%
Rental income less 25%
3%
3%
0%
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Personal Income Tax Rates
Taxable Income €
in Millions
Tax rate %
per Sq KM
Amount of tax €
in Million of $
Cumulative amount of tax €
in Million of $
0 – 19.500
0
0
0
19.501 – 28.000
20
1.700
1.700
28.001 – 36.300
25
2.075
3.775
36.301 – 60.000
30
7.110
10.885
60.001 and over
35
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 3 Column Wide
Contributors
Contribution percentage
01/03/2019– 28/02/2020
in Millions
Contribution percentage
from 01/03/2020
per Sq KM
Employees
1,70%
2,65%
Employers*
1,85%
2,90%
State
1,65%
4,70%
Self-Employed
2,55%
4%
Pensioners
1,70%
2,65%
Income earners (interest, rent, dividends etc.)
1,70%
2,65%
Officials
1,70%
2,65%
*Including the State as Employer
Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Personal Income Tax Rates
Taxable Income €
in Millions
Tax rate %
per Sq KM
Amount of tax €
in Million of $
Cumulative amount of tax €
in Million of $
0 – 19.500
0
0
0
19.501 – 28.000
20
1.700
1.700
28.001 – 36.300
25
2.075
3.775
36.301 – 60.000
30
7.110
10.885
60.001 and over
35
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 3 Column Wide
Contributors
Contribution percentage
01/03/2019– 28/02/2020
in Millions
Contribution percentage
from 01/03/2020
per Sq KM
Employees
1,70%
2,65%
Employers*
1,85%
2,90%
State
1,65%
4,70%
Self-Employed
2,55%
4%
Pensioners
1,70%
2,65%
Income earners (interest, rent, dividends etc.)
1,70%
2,65%
Officials
1,70%
2,65%
*Including the State as Employer
Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Personal Income Tax Rates
Fund
in Millions
Employer %
per Sq KM
Employee %
in Million of $
Self-employed %
in Million of $
Social Insurance
8,3
8,3
-
Social cohesion
2
-
-
Redundancy
1,2
-
-
Industrial Training
0,5
-
-
Holiday (exemptions apply)
8
-
-
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8

As from the 1st of March 2019, the General Healthcare System Law of 2001 (GHS), as amended, came into effect.

General Healthcare System

The GHS is a comprehensive healthcare system that offers equal access to healthcare services for all citizens, with the option to choose their healthcare provider from both the private and the public sector. The Health Insurance Organisation (HIO) is a legal entity governed by public law and is responsible for the implementation and management of the GHS.

Which healthcare services are covered?

  • Healthcare services by personal doctors
  • Healthcare services by specialist doctors
  • Pharmaceutical products
  • Laboratory tests
  • Inpatient healthcare services
  • Healthcare services in cases of accidents and emergencies
  • Ambulance services
  • Healthcare services by nurses, midwifes, clinical psychologists, clinical dieticians, physiotherapists, occupational therapists and speech pathologists
  • Preventive dental healthcare services
  • Palliative healthcare and medical rehabilitation.

When will it come into force?

  • 1st June 2019 - Introduction of personal doctor and specialist doctor services, laboratory tests and pharmaceutical products for out patients.
  • 1st June 2020 - Complete implementation of the GHS with the introduction of inpatient services, Accident and Emergency Department (A&Es) services, ambulance services, services by nurses, midwives, allied health professionals, palliative care, medical rehabilitation, preventive dental care and homevisits.

Who are the beneficiaries?

All citizens who are permanent residents in the areas controlled by the Republic of Cyprus and come under one of the following categories:

  • Cypriot citizens
  • European citizens who work or hold a permanent residence status in accordance with the provisions of the national legislation
  • Third country nationals (non-EUcitizens) who hold a permanent residence status or a right of equal treatment in accordance with the provisions of the national legislation
  • Members of the families of the above categories in accordance with the provisions of the national legislation
  • Refugees and persons with a status of supplementary protection.

How do beneficiaries have access to healthcare services?

Beneficiaries have access to healthcare services after they enrol in the GHS and register in a personal doctor’s list of their choice. Beneficiaries can enrol in the GHS and register with a personal doctor either online or by visiting a personal doctor. Personal doctors will be the first contact point of beneficiaries with the GHS and are responsible to provide all required healthcare services as well as to guide and refer the beneficiaries to more specialised healthcare services when and if this is needed. Beneficiaries may choose the specialist doctor, pharmacy, laboratory, hospital or any other private or public healthcare provider they wish.

Who will contribute to the GHS and how much?

Table - 3 Column Wide
Contributors
Contribution percentage
01/03/2019– 28/02/2020
in Millions
Contribution percentage
from 01/03/2020
per Sq KM
Employees
1,70%
2,65%
Employers*
1,85%
2,90%
State
1,65%
4,70%
Self-Employed
2,55%
4%
Pensioners
1,70%
2,65%
Income earners (interest, rent, dividends etc.)
1,70%
2,65%
Officials
1,70%
2,65%
*Including the State as Employer
Table - 2 Column Wide
Annual wear and tear allowances on assets
Rate %
in Millions
Plant and machinery
10
Furniture and fittings
10
Industrial carpets
10
Machinery and tools used  in an agricultural business
15
Vehicles and Means of Transportation*
Commercial motor vehicles
20
Motor cycles
20
Excavators, tractors,  bulldozers, self-propelled loaders and drums for petrol companies
25
Armoured cars (e.g. used by Security Services)
20
Specialised machinery for the laying of railroads
20
New airplanes
8
New helicopters
8
Sailing vessels
4,5
Motor Yachts
6
Steamships, tug-boats and  fishing boats
6
Ship launching  machinery  
12,5
New cargo vessels
8
New passenger vessels
6
Used cargo/passenger  vessels
Over their UEL
* Plant and machinery,vehicles (excluding private motor vehicles) and other assets acquired duringthe tax years 2012 - 2018 (inclusive) are eligible to accelerated taxdepreciation at the rate of 20% (excluding such assets which are alreadyeligible for a higher annual tax rate of tax depreciation).
Other
Televisions and videos
10
Computer hardware and  operating systems
20
Application software
33 1/3
Application software for less than €1.709 is written off in the year of acquisition
Wind Power Generators
10
Photovoltaic Systems
10
Tools in general
33 1/3
Videotapes property of  video clubs
50
Buildings*
Commercial buildings
3
Industrial, agricultural  and hotel buildings
4
Flats
3
Metallic greenhouse  structures
10
Wooden greenhouse  structures
33 1/3
* In the case ofindustrial and hotel buildings that are acquired during the tax years 2012 -2018 (inclusive), accelerated tax depreciation at the rate of 7% per annumapplies.

Contributions will be collected by the Social Insurance Services, the Tax Department and the Treasury of the Republic.

What are Co-Payments and when do they apply?

Beneficiaries will pay small amounts of co-payments upon receiving services by outpatient specialists, laboratories, pharmacies, nurses, midwives, allied health professionals, and A&Es such as for example €1 per pharmaceutical product, €1 per laboratory test, €6 per visit to a specialist doctor. It is noted that access to personal doctors and inpatient healthcare is free.

The annual co-payment ceiling per person is:

  • General population:  €150
  • Low-income pensioners: €75
  • Recipients of the Guaranteed Minimum Income benefit: €75
  • Children: €75

What does the GHS cover?

The GHS covers all medical care needs of beneficiaries including chronic, rare and serious conditions.

How is the quality of the healthcare services provided assured?

The GHS planning applies best practices that aim at upgrading the quality of healthcare services such as the introduction of the personal doctors, the implementation of guidelines and the use of a comprehensive IT system.

Are high cost healthcare services covered?

The GHS provides life-long financial protection to all beneficiaries even for unexpected and costly healthcare needs.

Are citizens without an income covered?

The right to health within the GHS is independent from the payment of contributions. Beneficiaries without an income (unemployed, children, students, soldiers and others) have equal access to healthcare services.

Personal Income Tax Rates
Fund
in Millions
Employer %
per Sq KM
Employee %
in Million of $
Self-employed %
in Million of $
Social Insurance
8,3
8,3
-
Social cohesion
2
-
-
Redundancy
1,2
-
-
Industrial Training
0,5
-
-
Holiday (exemptions apply)
8
-
-
Individuals can deductfrom the capital gain the following:
Annual wear and tear allowances on assets
Rate %
in Millions
Disposal of private residence (subject to certain  conditions)
€85.430
Disposal of agricultural land by a farmer
€25.629
Any other disposal of immovable property
€17.086
Table -  4 Column
Market value €
in Millions
Rate %
per Sq KM
Fees €
in Million of $
Accumulated fees €
in Million of $
Up to 85.000
3
2.550
2.550
85.000 – 170.000
5
4.250
6.800
Above 170.000
8
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