Cyprus Tax News
“ERGANI” Information System enters into force
We would like to inform you that the Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the relevant Social Insurance (Contributions) (Amendment) Regulations of 2017 (Regulations 167/2017) enter into force.
The main amendments are the following:
- The application for registration of an employer should be submitted no later than one (1) day prior to the date that the applicant is expected to become an employer.
- Each employer should notify the Social Insurance Services for each employee recruitment no later than one (1) day before the particular recruitment.
In addition, the Ministry of Labour, Welfare and Social Insurance has appointed Communication Officers at each District Social Insurance Office for further information and assistance.
It is noted that as from 13 September 2021, the issuance and use of the “Certificate of commencement of employment” will be abolished.
- Each employer must keep a recruitment register, in which they must record personal information for each employee (serial number, name, ID card number, Social Security number, date of recruitment and date of commencement of employment).
We are at your disposal to assist you with the registration to “Ergani Information” System.
With warmest regards,
The Kreston Ioannou & Theodoulou Team
Tel: +357 22 050 500
Fax: +357 22 493 123