Cyprus Authorities presented the new portal for online payments of the social insurance contributions – SIS net use of which will be mandatory starting from January 25.
Summary of the features of SISnet:
- Each company has to register (own login and password);
- Companies will no longer be required to monthly file form YKA2 along with payment receipt to social insurance;
- Companies now can register/deregister employees online;
- Old payments history will be accessible via the system only to the extent they were been done via previous social insurance electronic system;
- Overdue contributions will be available for payment via SISnet starting at some time middle of February;
- For other taxes (income tax, for example) there are no any changes in old procedures.