Managing VAT and payroll obligations accurately and on time is an essential responsibility for every business. Errors or delays in these areas can result in penalties, reputational damage and unnecessary administrative burden. At Skouris Accounts Lab Limited, we provide a complete and reliable service in both areas, ensuring full compliance with Cyprus requirements and giving you the assurance that these obligations are in capable hands.
VAT Services
Cyprus operates a VAT system in line with EU directives, with a standard rate of 19%. Whether your business is newly required to register for VAT or you are seeking more reliable compliance support, we provide a professional and comprehensive service throughout.
Our VAT Services Include
- VAT registration with the Cyprus Tax Department
- Preparation and submission of VAT returns on a timely basis
- VAT compliance review and advisory
- Guidance on VAT treatment of specific transactions, including cross-border and intra-EU supplies
- Ongoing VAT support and correspondence with the tax authorities
- Advice on voluntary and mandatory de-registration where applicable
Payroll Services
Processing payroll correctly requires a thorough understanding of Cyprus employment legislation, social insurance obligations and income tax withholding requirements. We manage the payroll function for our clients with precision, ensuring that employees are paid accurately and that all employer obligations are met in full.
Our Payroll Services Include
- Monthly payroll processing and salary calculations
- Calculation and submission of PAYE and social insurance contributions
- Preparation of payslips and payroll summaries
- Registration of employers and employees with the Social Insurance Services
- Annual payroll reporting and compliance
- Advisory support on employment-related tax and social insurance matters
The Value of Professional Management
Both VAT and payroll carry strict deadlines and require detailed knowledge of current legislation. By entrusting these functions to Skouris Accounts Lab Limited, you can be confident that your obligations are met accurately and on time — freeing your management team to focus on the core activities of the business.