ΑΥΤΟΜΑΤΗ ΤΙΜΑΡΙΘΜΙΚΗ ΑΝΑΠΡΟΣΑΡΜΟΓΗ
AUTOMATIC CONSUMER INDEX ADJUSTMENT

Ενημέρωση για επιχειρήσεις που αναπροσαρμόζουν τους μισθούς των εργαζομένων βάσει της μεταβολής της Αυτόματης Τιμαριθμικής Αναπροσαρμογής (ΑΤΑ) για τα εξής:

1. Η διακύμανση του Δείκτη Τιμών Καταναλωτή (εξαιρουμένων των φόρων κατανάλωσης) για το έτος 2023 κατέγραψε αύξηση ύψους 3,66%.

2. Σύμφωνα με τη Μεταβατική Συμφωνία που συνομολογήθηκε μεταξύ των Κοινωνικών Εταίρων στις 28 Ιουλίου 2017 και την ανανέωση αυτής που υπογράφτηκε στις 12 Μαΐου 2023, οι μισθοί αναπροσαρμόζονται με το 66,7% της ετήσιας αύξησης του Δείκτη, νοουμένου ότι κατά το δεύτερο και τρίτο τρίμηνο του προηγούμενου έτους παρουσιάζεται θετικός ρυθμός ανάπτυξης.

3. Κατά συνέπεια, η ΑΤΑ από 01/01/2024 αυξάνεται: α) κατά 2,44% επί των συνολικών μισθών που ίσχυαν την 31/12/23 ή β) από 8,52% σε 11,17% επί των βασικών μισθών.

English text.

Information for businesses that adjust employee salaries based on the change in the Automatic Indexation (ATA) for the following:

1. The variation of the Consumer Price Index (excluding consumption taxes) for the year 2023 recorded an increase of 3.66%.

2. According to the Transitional Agreement concluded between the Social Partners on July 28, 2017 and its renewal signed on May 12, 2023, salaries are adjusted by 66.7% of the annual increase of the Index, meaning that during the second and third quarter of the previous year shows a positive growth rate.

3. Consequently, the ATA from 01/01/2024 increases: a) by 2.44% on the total salaries that were in force on 31/12/23 or b) from 8.52% to 11.17% on the basic salaries.

Επισυνάπτεται η σχετική εγκύκλιος του Υπουργείου Οικονομικών καθώς και παραδείγματα, για την ενημέρωση σας.

Neoklis Epaminondou

Managing Director and Founder

Neoklis is the Managing Director and Founder of Epaminondou & Co Audit Services Ltd and Arlon Consultancy Ltd, bringing over two decades of experience in accounting, tax advisory, business consultancy, and relocation services. He is a licensed Audit Practitioner, an Approved Compliance Officer, a Payroll Specialist, and an ADIT student. Neoklis is renowned for delivering high-quality tax advisory services, alongside expert business analysis, risk assessment, and business relocation solutions.

In his advisory role, Neoklis has been instrumental in structuring M&A deals, conducting financial due diligence, preparing tax memos, and managing complex tax reporting for both local and international clients. He has also played a key role in assisting businesses with their relocation to Cyprus, leveraging the country’s attractive tax incentives as one of Europe’s leading business hubs.

Neoklis is a Fellow Chartered Certified Accountant (FCCA) and holds a Master’s in Finance and Investments from the University of Exeter. He is an active member of the Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Public Accountants of Cyprus (ICPAC). Additionally, Neoklis is an honorary member of the Cyprus Payroll Association, an approved mediator, and an educational trainer. Recently, he obtained the Approved Compliance Officer Certificate (AML) from AICA and successfully passed the Cyprus tax paper as part of the ADIT Qualification.