Certificate of Emoluments

At IBCCS TAX we are experienced international tax planning advisers offering legal
& tax advisory assistance both on an international and local scale.

Certificate of Emoluments

In the realm of accounting and tax services, IBCCS TAX offers comprehensive assistance related to the Certificate of Emoluments, otherwise known as IR63, in Cyprus. This service forms an integral part of our commitment to facilitating your compliance with Cyprus’s labor and tax laws.

Understanding the Certificate of Emoluments (IR63)

The Certificate of Emoluments, also referred to as Form IR63, is a critical document for employers and employees in Cyprus. It provides a comprehensive record of an employee’s earnings, deductions, and net income within a tax year. This document is fundamental for ensuring compliance with labour laws, verifying income, and accurately determining tax obligations.

Under Cyprus labour law, every employer is obligated to issue this certificate to their employees at the end of the tax year. Simultaneously, under tax law, employees need this certificate to accurately file their annual income tax return.

Planning, implementation, & compliance

Planning, implementation, & compliance

Frequently Asked Questions

The Certificate of Emoluments not only evidences the payment of an employee’s salary, but it also records vital deductions made throughout the year. This includes contributions towards social insurance, income tax, provident fund, and other relevant deductions. As such, it plays an instrumental role in the accurate determination of an employee’s taxable income and consequent income tax liability.

Additionally, the Certificate of Emoluments serves as proof of income in various circumstances, such as when applying for a loan, leasing property, or for any other transactions requiring verification of income.

At IBCCS TAX, we offer comprehensive services related to the Certificate of Emoluments (IR63). Our professional team ensures that the Certificate of Emoluments for each employee in your organization is accurately prepared in accordance with both labour and tax laws of Cyprus.

Our services include:

  • Compilation and accurate computation of all earnings and deductions.
  • Preparation and issuance of the Certificate of Emoluments (IR63).
  • Ensuring compliance with the regulations stipulated by the Cyprus Labour Law and Tax Law.
  • Providing guidance and support in case of any queries or issues related to the Certificate of Emoluments.

In entrusting your Certificate of Emoluments (IR63) requirements to IBCCS TAX, you gain the peace of mind that comes from knowing that these vital documents are prepared accurately and promptly. Our deep understanding of Cyprus labour and tax laws enables us to provide a service that mitigates the risk of non-compliance, saving you time and potential future complications.

Choose IBCCS TAX for professional and personalised assistance with your Certificate of Emoluments (IR63) requirements. Contact us today to discuss how we can support your business.

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