Service 05 — Precision in every payslip
Payrol Services
Comprehensive payroll management that ensures accuracy, confidentiality, and full compliance with Cyprus labor law and social insurance obligations. We handle the full payroll cycle so your team is paid correctly and on time, every time.
Overview
Payroll is far more than a transactional task — it sits at the intersection of employment law, social insurance, income tax, and employee relations. A single miscalculation can lead to penalties, employee dissatisfaction, or regulatory scrutiny. Our payroll team manages this complexity on your behalf with discretion and precision.
We process payroll for teams of all sizes, from a handful of employees to multi-entity groups with directors, expatriates, and contractors. Each pay run is reviewed for accuracy before release, and every employee receives a clear, professional payslip detailing gross pay, statutory deductions, and net remuneration.
Beyond the monthly cycle, we handle all statutory registrations and filings — social insurance contributions, GESY (the National Health System), PAYE income tax, and the annual IR63 return. We also advise on the remuneration structuring of directors and key personnel, ensuring tax-efficient arrangements that comply with Cyprus regulations.
Confidentiality is paramount. All payroll data is handled under strict data-protection protocols, and access is limited to your dedicated payroll lead.
Scope of work
Services Offered
01 Monthly Payroll Processing
Complete and precise end-to-end administration of monthly employee salaries and wage calculations.
02 Employee Payslip Preparation
Generation and distribution of clear, detailed, and compliant payslips for your workforce.
03 PAYE Calculations
Accurate computation of Pay-As-You-Earn tax withholding in full compliance with current labor tax laws.
04 Social Insurance Calculations & Payments
Precise calculation and timely remittance of employer and employee social insurance contributions.
05 Submission of Payroll-Related Tax Returns
Preparation and official filing of all mandatory periodic payroll and withholding tax declarations.
06 Social Insurance Registration & Deregistration
Administrative handling of employee onboarding and offboarding with social insurance authorities.
07 ERGANI Compliance & Reporting
Full management of mandatory filings and reporting obligations on the ERGANI information system.
08 Payroll Support & Advisory
Ongoing consultation on statutory reporting, labor laws, and custom payroll setup requirements.