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Accounting and invoicing for retirees with a side activity

Consulting for former colleagues, crafts as a hobby, selling at the market: whoever earns on top in retirement wants little effort and still clean invoices. Saldiqo sets the tax note, shows the turnover limit and keeps the receipts in one place.

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What comes up for retirees with a side activity

Little effort

Whoever works in retirement does not want big bookkeeping. A few invoices a month have to be quick.

Extra income and limits

Depending on the country, limits apply to extra income. Income has to be traceable.

Plain language

Jargon gets in the way. A tool that shows in simple words what to do helps.

How Saldiqo helps

  • Invoice in a few clicksPick the customer, pick the service, send.
  • Tax noteChoose the matching small business tax type.
  • Income at a glanceA yearly overview without jargon.
  • Photograph receiptsCapture receipts with your phone.

Typical invoice lines

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

  • Consulting for a former employer, hours
  • Repair work by effort
  • Sale of woodwork, as per list
  • Material as per receipt
  • Travel costs, flat fee
  • Credit note: discount granted afterwards

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

May I earn on top in retirement?

That depends on your country and your pension. Which limits apply to you, you clear with the pension insurer and your tax adviser.

Is Saldiqo made for beginners?

Yes. The flow is short, and Saldiqo checks the mandatory details before you finalise an invoice.

Do retirees with a side activity 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 retirees with a side activity 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 retirees with a side activity 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.