Payroll
Payroll services are provided to companies which employ staff in Cyprus and abroad. The services are available for Cyprus and International Business Companies.
Standard Payroll Services Includes:
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Payroll calculation which can be processed monthly or weekly, based on the client’s preference
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Monthly calculation and payment of social insurance and tax contributions to the authorities
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Preparation and distribution of payslips at the end of each payroll run
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Payment to employees’ personal accounts through online banking transfers.
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Registration of new employees for income tax and social insurance
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Registration of the company for income tax and social insurance
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Obtaining a yellow slip for foreigners if required
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Preparation and distribution of annual payroll forms (IR63) to employees
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Preparation and submission of the annual payroll form (IR7) for the company to the authorities
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Obtaining a tax clearance certificate from the Social Insurance Department for expatriate employees for the purposes of renewal of their work permit.
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