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Accounting and invoicing for small businesses

Little turnover, little time, no tax office in the house: whoever starts small or works for themselves on the side needs invoices that are right and an overview that does not overwhelm. Saldiqo puts the VAT exemption note on the invoice, shows how much turnover is left before the limit and collects your receipts in one place.

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What comes up for small businesses

The right note

Whoever does not show VAT has to make that clear on the invoice. If the note is missing or wrong, there is trouble with the tax office and questions from customers.

Keeping an eye on the limit

The exemption only applies up to a turnover limit. Whoever passes it has to account for VAT, often already on the turnover that passes it.

Little time, little knowledge

Next to a job there is hardly time for bookkeeping. You need few steps: write the invoice, match the payment, photograph the receipt.

How Saldiqo helps

  • Note on every invoiceYou choose the small business tax type, and Saldiqo puts the matching note for your country on the invoice.
  • Limit in viewSaldiqo shows how much turnover is left before the limit.
  • Receipts by phone photoPhotograph the receipt and capture it as an expense instead of collecting slips.
  • Tick off paymentsUpload the bank statement, and Saldiqo recognises paid invoices and suggests the matching one for the rest.

Typical invoice lines

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

  • Service as agreed, hours
  • Flat fee for the job
  • Material as per receipt
  • Travel, flat fee
  • Gift voucher worth 30
  • 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.

For small businesses in Cyprus

In Cyprus the registration threshold is €15,600 over 12 months. Saldiqo leaves VAT off while you are below it and adds up your turnover.

Frequently asked questions

How do I know that I am a small business?

That depends on your country and your turnover. The limits are listed above. Saldiqo adds the note when you choose the small business tax type, but does not check whether the exemption applies to you.

What happens when I pass the limit?

Saldiqo shows you the current standing. Once you pass it, you choose the tax type with VAT on new invoices. When exactly that is, you clear with your tax adviser.

Do small businesses 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 small businesses 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 small businesses 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.