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Payroll & GESY
Payroll in Cyprus carries monthly deadlines and several separate contribution regimes. Late filing attracts penalties that are entirely avoidable.
Getting set up
- Employer registration with Social Insurance
- Employee registrations
- Ergani and Sisnet registration
- Self-employed registration, where that is the right route
Every month
- Payroll calculation and payslips
- Social Insurance, GESY and other statutory contributions
- Starters, leavers and termination calculations
Every year
- IR7, the employer’s annual return
- TD59, employee tax declarations
When things change
- Deregistration, employer or self-employed
- Certificates of Social Insurance clearance
- Exemption from the Holiday Fund
- Self-employed objections
The last group is the one clients do not think about until they need it. We deal with those as they arise rather than treating them as separate work.
What we need from you
- Employment contracts and salary details
- Employee identity and social insurance details
- Bank details for the salary run
Who this is for
Any business with employees in Cyprus, from a first hire upwards.
Fees
We quote after a short call or an email. Fees depend on the size and complexity of the work, and we would rather give you an accurate figure than a misleading one.
Not sure which service you need?
Describe the situation and we will point you to the right person. No obligation.
Get in touch