Ministry's Negative Response to Proposal for Overdue Contribution Regulation
March 19, 2025
The Ministry of Labor has rejected the proposal for a new regulation plan for overdue contributions, stating that such measures are unjustified due to economic growth in Cyprus. The director of Social Insurance highlighted that employers often withhold social contributions without paying them to the fund. Legislative proposals from four parties could lead to unequal treatment of debtors. The Ministry will review data on the implementation of previous plans.