Taxation

Change is inherently constant when it comes to taxation, and laws on the subject are becoming ever more complicated and as a result increase apparent problems for businesses and organizations. Taxation now involves not only income tax and stamp duty, but also VAT, corporate tax, transfer pricing, and capital gains tax amongst others. ZERVOS & CO LIMITED, however, realizes that taxation matters have to be seriously appraised, and can advise and prepare clients on the subject, whether that is submission of their tax returns or forming a tax plan suitable for their measures. Businesses need to concern themselves with tax planning since the proper planning by ZERVOS & CO LIMITED can maximize their tax benefits and advantages, while minimizing their tax liabilities, and increase their funds’ savings as well as liquidity.

ZERVOS & CO LIMITED can advise its clients to plan their tax payments on due days, and, in turn, avoid concentration of tax, tax penalties and interest, and avoid unfavourable results on their working capital. Also the service includes advice on international tax implications and matters that may derive from the use of double tax treaties. The firm’s tax personnel comprises of qualified individuals who have a vast understanding of the tax laws and practice.

Payroll

Effective payroll management is vital for the smooth operation of any business. To ensure accuracy, confidentiality, timeliness, and cost-efficiency, many companies choose to outsource their payroll responsibilities to experienced accounting firms.

ZERVOS & CO’s payroll team offers reliable, cost-effective, and comprehensive payroll services to a wide range of businesses.

Our payroll management services include:

• Registration of your company as an employer with the Social Insurance and Income Tax departments
• Registration of employees with the local authorities (Social Insurance and Income Tax, where applicable)
• Preparation of monthly payroll calculations
• Accurate computation of each employee’s tax obligations based on their signed TD59 form
• Timely processing of salary payments to employees and remittance of statutory deductions to the appropriate government departments
• Full compliance with the submission of all required monthly and annual returns to the relevant authorities, such as the Tax and Social Insurance department
• Calculation and facilitation of monthly tax payments
• Maintenance of detailed payroll records for all employees
• Preparation and submission of the employer’s monthly and annual payroll summary (TD7) in accordance with local tax regulations