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Accounting and invoicing for hobby sellers

What began as a hobby becomes a side income: homemade goods, second-hand items, crafts. At some point the question arises from when that is a business. Saldiqo helps with invoices and receipts but does not replace the question of registration, which you clear with the authority and your tax adviser.

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What comes up for hobby sellers

When does a hobby become a business?

That depends on regularity, intention to profit and scale. Whoever records income and expenses can clear the question with figures.

Occasional customers

Buyers often pay in cash or by transfer. Whoever needs an invoice should get one.

Material and pitch fees

Wool, wood, paint, packaging and market fees are expenses worth writing down.

How Saldiqo helps

  • Record income and expensesInvoices and receipts in one place.
  • Invoice on demandCustomer, item, send.
  • Receipts by phone photoCapture receipts.
  • ReportAn overview shows whether the hobby pays for itself.

Typical invoice lines

Examples that often appear on invoices in this industry. You set the prices yourself.

  • Handmade candle, each
  • Commissioned work as requested, flat fee
  • Shipping as per order
  • Material as per receipt
  • Market fee as per receipt
  • Gift voucher worth 20

Tax and invoicing in Cyprus

What applies to invoices in Cyprus, in short. As of October 2026.

VAT
Rates 19 %, 9 %, 5 % and 3 %, plus 0 % until 31 December 2026 for infant milk, nappies, hygiene products and fresh fruit and vegetables.
VAT registration
The threshold is €15,600 of taxable turnover over 12 months, or expected within the next 30 days. If you sell services to businesses in other EU countries, you generally register from the first sale. Until you are registered, Saldiqo leaves VAT off and adds up your turnover.
What goes on an invoice
Even businesses that are not VAT registered must issue invoices and receipts. Companies show their name, HE number, the words “private company” where they apply, and their registered office. Notes such as reverse charge appear in Greek and English.
Invoice timing
Issue invoices within 30 days.
E-invoicing
There is no mandate. Public bodies accept e-invoices (Peppol BIS 3.0) and suppliers send them voluntarily. EU rules follow from 1 July 2030.
VAT returns
VAT4 returns are filed online through TFA, quarterly with staggered periods, by the 10th of the second month after the period, moved to the next working day if it falls on a weekend. Saldiqo does not file returns.
Record keeping
Plan for 10 years. The minimum is 6 years, VAT records can need up to 7 years, and OSS records 10 years.
Late payment
Interest on late business payments is 10.40 %, plus €40 compensation between businesses.
Languages
Use Saldiqo in Greek or English and send invoices in either language.

Frequently asked questions

Do I have to register a business?

That depends on your country and your activity. You clear that with the competent authority and your tax adviser. Saldiqo does not replace that advice.

Do I need invoices for private customers?

That depends on the country and the type of service. Private customers often get a receipt, on request an invoice.

Do hobby sellers in Cyprus have to charge VAT?

Once they are registered, yes. The threshold is €15,600 over 12 months, or expected within 30 days. Services to businesses in other EU countries require registration from the first sale.

Do hobby sellers in Cyprus need e-invoicing?

No. Public bodies accept e-invoices through Peppol and suppliers use it voluntarily. EU rules follow from July 2030, so PDF invoices remain fine today.

How long should hobby sellers keep invoices?

Plan for 10 years: the minimum is 6 years, VAT records can need up to 7 and OSS records 10. You can store receipts digitally in Saldiqo. The legal duty to keep records stays with you.

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Write invoices, match payments, collect receipts and send reminders: free and without a trial period.

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As of October 2026. General information, not legal or tax advice, without guarantee. For your case ask your tax adviser.