Declaration of Employers Return and Employees Details

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

Declaration of Employers Return and Employees Details

At IBCCS TAX, we offer professional services to assist businesses in Cyprus with the declaration of employers’ return and employees’ details, known as IR7. Our experienced team ensures that the process is completed accurately and in compliance with the regulations set forth by the tax authorities. By entrusting us with this responsibility, you can focus on your core business activities while ensuring timely and accurate reporting of your employees’ information.

Planning, implementation, & compliance

Planning, implementation, & compliance

Frequently Asked Questions

The declaration of employers’ return and employees’ details (IR7) is a crucial requirement for businesses in Cyprus. Here’s why it is important:

  1. Legal Compliance: The declaration is a legal obligation imposed by the tax authorities in Cyprus. By fulfilling this requirement, you ensure compliance with the tax regulations and avoid potential penalties or legal consequences.
  2. Accurate Record-Keeping: The IR7 declaration allows you to maintain accurate records of your employees’ details. This includes information such as names, addresses, identification numbers, employment periods, salary details, and any other relevant data required for tax purposes. Accurate record-keeping is essential for various purposes, including payroll management, tax reporting, and compliance with tax obligations.
  3. Income Tax Calculation: The declaration plays a vital role in the accurate calculation of income tax for your employees. It enables the tax authorities to determine the appropriate tax deductions based on the reported income and employment details. By providing accurate and timely information, you ensure that the income tax calculations are done correctly and in accordance with the tax laws.
  4. Compliance with Tax Laws: The declaration of employers’ return and employees’ details (IR7) is an integral part of complying with the tax laws in Cyprus. It demonstrates your commitment to fulfilling your tax obligations as an employer and operating within the legal framework.

At IBCCS TAX, we offer comprehensive services to assist you with the declaration of employers’ return and employees’ details (IR7). Our experienced team understands the importance of accurate and timely reporting, and we ensure that the process is handled efficiently. Our services include:

  1. Data Collection: We assist you in gathering the necessary information related to your employees’ details, including their personal information, employment periods, salary details, and other relevant data required for the declaration.
  2. Declaration Preparation: Our team prepares the IR7 declaration based on the collected information. We ensure that all required fields are accurately completed, adhering to the format and guidelines provided by the tax authorities.
  3. Timely Submission: We understand the significance of timely submission. Our team ensures that the declaration is submitted within the specified deadlines, allowing you to meet your reporting obligations and avoid any potential penalties or issues with the tax authorities.
  4. Compliance with Tax Laws: We stay up-to-date with the latest tax laws and regulations in Cyprus. Our services are designed to ensure compliance with these laws, helping you fulfill your tax obligations and maintain good standing with the tax authorities.

Experience reliable and efficient declaration services with IBCCS TAX. Our expert team ensures accurate and timely reporting, keeping you compliant with tax laws. Contact us now for seamless assistance with your employers’ return and employees’ details (IR7).

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Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
We assist our clients in relocation and at all stages of their entrepreneurship adventure: from structuring the business in a tax-efficient manner, through the daily administration and operations of the companies.

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Cezary Zieniuk

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Jowita Jablonska

Managing Partner

Anna Gavriilidi

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