Payroll Services

Individual

 

Our Tax & Consultancy Services for Individuals

 

We offer expert tax services tailored for individuals, ensuring adherence to Cyprus tax laws while enhancing tax efficiency. Whether you require assistance with your annual tax return or need professional advice, we make the process straightforward for you.

 

1️. Annual Tax Return (IR1) Submission

 

Every individual earning income in Cyprus is required to submit an annual tax return (IR1) to the Tax Department. We manage the entire process to guarantee timely and precise filing. Our services encompass:

•  Preparation and submission of your IR1 form
•  Compliance with Cyprus income tax regulations
•  Electronic submission through the Tax Department’s online platform
•  Guidance on potential tax refunds or liabilities

 

2️. Tax Consultancy & Planning

 

Navigating tax regulations can be challenging. Our customized tax consultancy services empower individuals to make informed financial choices while optimizing tax efficiency. We offer:

•  Expert advice on income tax, capital gains tax, and VAT
•  Insights on tax deductions, allowances, and exemptions
•  Strategies for tax optimization to reduce liabilities
•  Support for expats and foreign individuals dealing with Cyprus tax laws
•  Help with double taxation agreements for non-residents

 

3️. Social Insurance & GHS (GESY) Contributions

 

Individuals working or living in Cyprus must contribute to the Social Insurance Fund and the General Healthcare System (GESY). We provide assistance with:

•  Registration for Social Insurance and GHS contributions
•  Calculation of monthly or annual contributions based on income
•  Compliance with employment and self-employment regulations

 

4️. Tax Residency & Non-Domicile Status Assistance

 

For those moving to Cyprus, understanding tax residency and non-domicile benefits is crucial. We offer:

•  Help with obtaining Cyprus tax residency (183-day and 60-day rule)
•  Guidance on non-domicile tax benefits (exemptions from certain taxes)
•  Support with tax certificates for proof of residency

 

5️. Assistance with Tax Disputes & Compliance Issues 

If you’re dealing with tax-related issues or disputes, we can help you resolve them quickly and effectively. Our services include: 

•  Reviewing and correcting past tax submissions 
•  Support with an Objection submission