Accounting and invoicing for jewellers and goldsmiths
Made-to-measure rings, repairs, watches, buying old gold and jewellery sales: jewellers and goldsmiths have high single amounts, bespoke pieces with a deposit and repair jobs. Saldiqo issues deposits for bespoke pieces, writes invoices for repairs and records material and precious metal invoices.
What comes up for jewellers and goldsmiths
Made to measure
Wedding rings and special pieces take weeks. The deposit covers material and work.
Repairs
Small jobs with hours and material, often paid at once.
Material and purchase
Precious metal and stones are big items. Buying old gold from private persons needs documents of its own.
How Saldiqo helps
- Deposit on orderQuote, deposit, final invoice.
- Repair with materialLabour and material as lines.
- Record material invoicesReceipts with due dates.
- Engravings and special requestsAs items.
Typical invoice lines
Examples that often appear on invoices in this industry. You set the prices yourself.
- Made-to-measure wedding rings, manufacture
- Ring repair, hours
- Engraving, per character
- Material as per receipt
- Watch service, flat fee
- Deposit 40 % on order
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
How do I secure bespoke pieces?
With a deposit on order, straight from the quote.
Does Saldiqo support the taxation of buying old gold?
No. Special rules apply to buying and taxing precious metals that Saldiqo does not cover. You clear that with your tax adviser.
Do jewellers and goldsmiths 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 jewellers and goldsmiths 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 jewellers and goldsmiths 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.
Try Saldiqo for free
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.