CPM offers full range of payroll services to Companies which employ staff in Cyprus and abroad and need assistance with the preparation of their monthly payroll procedures. CPM professional staff is dedicated to deliver the most cost efficient and effective services to its clients.

CPM payroll services include:

• Payroll calculation can be processed monthly or weekly, based on the client’s request.
• Registration of the Company, as an employer, to Social Insurance Department
• Registration/ deregistration of employees to the Social Insurance Department through the online registration System of the SI Department the so called ‘Ergani’.
• Registration of new employees to the Income Tax Department.
• Preparation and provision of confidential electronic pay slips to the employees at the end of each payroll run.
• Calculation and extract from the system, monthly social insurance contributions and related tax (PAYE) reports.
• Undertaking payment to employees’ personal accounts through online banking transfers with the help of CPM Banking Department.
• Ability to send an electronic file to the Bank for the payment of employees
• Completing and submitting the monthly social insurance contributions report through the online payment system (Sisinet) of the Social Insurance Department. The online payment systems allow payments to be perform automatically provided the details of the employer’s bank account are uploaded to the system.
• Preparation and distribution to employees, annually, their Emolument certificate (IR63).
• Preparation and submission of the annual Employer’s Declaration form (IR7), for the Company, to the Tax Authorities.
• Obtaining relevant clearance certificates/ confirmation required from the Social Insurance Department for expatriate employees for the purpose of renewal of their work permit.

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