Accounting, Payroll, VAT, VIES & Tax Compliance

Our services cover all type of companies, from private holding to international trading companies, and include:

• preparation of accounts (monthly, quarterly or annually) and IFRS accounting;
• bookkeeping and preparation of financial statements for audit purposes;
• bank reconciliation;
• filing of annual returns.

Our accounting team and tax consultants are dedicated to offering unlimited support and consultations with regards to your financial and accounting obligations.  We encourage you to be in contact with your appointed accounting team and feel free to make questions and request clarifications.

Managing payroll efficiently is essential for the smooth operation of a business, as failure to carry out properly all payroll-related tasks may result in penalties.

In order to avoid such risks, an increasing number of companies choose to outsource their payroll tasks in order to be able to focus on their main activities and avoid wasting time on formalities.

The AGPLAW Accounting Team can provide you with a comprehensive package of payroll services, among which are included the following:

• registration of the company as employer and of its employees with the relevant authorities;
• liaising with the Labor Office, the income tax authorities and the Department of Social Insurance for all payroll issues that may occur;
• drafting employment contracts;
• carrying out payments to employees and to the authorities;
• preparing and submitting tax returns and all other relevant forms;
• maintaining proper payment records as required by the legislation;
• advising on employment law and regulations, as well as on all legal and tax issues that may arise regarding the company’s payroll
• advising on immigration issues and assisting on applying for work and residence permits on behalf of the foreign employees of the company.

By letting AGPLAW take care of your payroll, you can ensure that your company is at all times compliant with its payroll obligations and thereby you can focus on your main activities and the growth of your business.

Aiming at offering dedicated, high quality level and full package services to our clients, AGPLAW accounting team provides VAT and VIES preparation and accounting services, including filing of VAT and reporting to local authorities and to the VAT Information Exchange System (VIES).

Our Services include:

• registration of companies in the VAT authorities in Cyprus;
• registration of Companies in the VIES (VAT Information Exchange System) authorities in Cyprus;
• preparation and submission of the VAT and VIES returns to the relevant authorities;
• preparation and submission of EU Sales Lists and IntraStat reports for companies which trade within the EU; 
• maintaining VAT records.

Legal500 EMEA 2023 Edition

"The practice consists of highly qualified team of lawyers, consultants as well as chartered accountants, all specializing on different areas of tax and it is evident that in the past few years they have invested deeply on expanding their tax practice. AGPLAW lawyers have an exceptional way of handling tax projects and it’s a pleasure for us to work with such a team.".

"They have gained a strong reputation in tax in Cyprus and I believe there is no other law firm in Cyprus with a truly dedicated tax practice as AGPLAW has. The differentiative factor from competitors in Cyprus is that AGPLAW consists of a true tax team, specialists on tax and focusing on expanding this practice further.".

"We work with the entire tax team on nearly a daily basis. They all work as a team and bring admirable results. Angelos Paphitis is an excellent specialist, Michael Alexandrou, a very experienced and highly skilled tax advisor, Nicolas Patsalis, very attentive and professional.".