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COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case CY-2020-14/412 – measures in Cyprus

Extension period for the payment of social insurances

Παράταση Προθεσμίας Καταβολής Εισφορών στο Ταμείο Κοινωνικών Ασφαλίσεων

Country Cyprus , applies nationwide
Time period Temporary, 31 March 2020 – 14 April 2020
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Deferral of payments or liabilities
Author Loucas Antoniou (INEK) and Eurofound
Case created 09 April 2020 (updated 06 May 2020)

Background information

The measure is taken in order to keep local businesses afloat due to the corona crisis and is provided in the Law 27(1) 2020 'Emergency Measures taken by the Ministry of Labour, Welfare and Social Insurances for the Confrontation of the Pandemic of Coronavirus COVID 19'.

The measure provides an extension for the payment of social insurances in order to support businesses and employers during the course of the pandemic crisis that hit the country.

  • On Wednesday 8 April, the President of the Republic announced the decision of the Cabinet to extent the measure up until 12 June 2020. Currently, the Ministry of Labour undertakes a legal and technical processing of the measure.

Content of measure

All businesses and self-employed workers that cannot afford to pay the owed payments due to the crisis to the Social Insurance Funds of March 2020, including the payments in accordance with the (1) Social Insurances Law, (2) the General Healthcare System Law, (3) the Paid Annual Leave Law, (4) the Termination of Employment Law and (5) the Social Cohesion Law are eligible to make use of the extension of the period.

The final deadline for the payment is 14 April 2020. After this date, payments fall due and the law provides for additional fees and/or burden of the due payments in accordance with the respective laws as above.

Use of measure

Currently there is no available information on the use of the measure by beneficiaries.

Target groups

Workers Businesses Citizens
Self-employed
Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Social partners jointly
Trade unions
Employers' organisations
Social insurance
No special funding required

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Agreed (outcome) incl. social partner initiative Agreed (outcome) incl. social partner initiative
Form Direct consultation outside a formal body Direct consultation outside a formal body

Social partners' role in the implementation, monitoring and assessment phase:

  • N/A
  • Main level of involvement: Peak or cross-sectoral level

Involvement

N/A

Views and reactions

The government has consulted the social partners - trade unions, employers' organizations and political parties - and the outcome emerged is on an agreed base.

Sources

  • 06 April 2020: Emergency Measures taken by the Ministry of Labour, Welfare and Social Insurances for the Confrontation of the Pandemic of Coronavirus COVID 19' (www.coronavirus.mlsi.gov.cy)

Citation

Eurofound (2020), Extension period for the payment of social insurances , case CY-2020-14/412 (measures in Cyprus), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch

Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.