FAQ
  • Do I have to generate payroll for my company?
    YES. You are obligated by law to keep records for all you payroll payments.
     
  • Do I have to keep the working hours/missing hours for my employees?
    YES. You have to keep a record for all working and missing hour of all your employees. It is required by law.
     
  • Do I have to prepare the Social Insurance form?
    YES. The form has to be prepared, delivered and paid to Social Insurance Office.
     
  • Do I have to withhold income tax from my employees?
    YES. As an employer you have to calculate and withhold income tax from your employee and you must pay the tax to the Income Tax Authorities before the end of the month following the month of withholdings.
     
  • Do I have to go Social Insurance Offices for any reason?
    YES. As an employer you have to go to Social Insurance Offices in order to register yourself as an employer, register your employees, paying social insurance and filing any claim forms.
     
  • Do I have to go to Income Tax Offices for any reason?
    YES. You have to go to Income Tax Office to pay the withholding income tax.
     
  • Does cyprus-payroll.com do all above work for me?
    YES! We can do it!
     
  • Do I have to worry about any confidentiality issues?
    NO! Cyprus-payroll.com is committed to handle and treat all personal data of employers and employees extremely confidential and secure!