GRS Fully Managed Payroll Service
GRS provides a fully managed payroll service to a wide range of organisations both in the public and private sectors in Cyprus. Our clients include Sony, Oracle, EU Commission, Thomson Reuters and JTI to name but a few. In addition we have a wealth of experience in setting up outsourced payroll projects on large, time critical recruitment projects throughout Cyprus, examples include large scale construction and infrastructure projects.
At GRS we are dedicated to minimizing your payroll administration allowing you to focus on the core activities of your business. The GRS managed payroll service provides you with a personal contact who is dedicated to supporting your business and is available to answer any queries you may have in either Greek or English. Our high level of personal service ensures that you receive an accurate payroll and peace of mind that your most important asset - your ‘human capital’ is paid in an efficient and timely manner.
Payroll data is provided to the GRS Managed Payroll team for the preparation of weekly or monthly payroll. Our payroll software system provides automated calculation of social benefits and income tax with quick and easy reporting for compliance with the statutory requirements of the Social Insurance and Income Tax in Cyprus.
Payroll output includes:
Reports including payroll analysis (single payroll or any date range)
Statutory deductions (SI & PAYE)
Payment of salary by JCC into the person’s bank account.
Monthly collection and processing of expenses, contributions, medical cover and travel allowance claims (where applicable).
Preparation of the IR63 (Certificate of Emoluments) for each employee at year end.
Preparation and submission of the yearly Employers Return Form IR7.
Providing and filing IR59 forms for each employee at the commencement of each tax year
For further information please contact:
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