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Accounting and invoicing for students with their own business

Web design next to studies, tutoring, photography, social media for clients: many students work for themselves and write the first invoice of their life. Saldiqo guides you through the mandatory details, sets the tax note and shows how much you have earned.

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What comes up for students with their own business

The first invoice

Mandatory details, number, date, tax note: whoever does this for the first time does not want to get it wrong.

Income and limits

Students with side income have to watch limits for income and insurance.

A small budget

Software and advisers are a cost for students. A tool should cost nothing before money is earned.

How Saldiqo helps

  • Check mandatory detailsSaldiqo checks before finalising that the necessary details are there.
  • Tax noteChoose the small business tax type, and the note appears on the invoice.
  • Income at a glanceAn overview for the year, also for the tax return.
  • Receipts by phone photoRecord outlays without collecting slips.

Typical invoice lines

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

  • Website for a club, fixed price
  • Maths tutoring, 4 hours
  • Photo shoot, 2 hours
  • Social media posts, 10 pieces
  • Material as per receipt
  • Travel costs, flat fee

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

What goes on my first invoice?

Name and address of you and the client, date, service, amount and the note on tax. Saldiqo checks the mandatory details for your country.

Is Saldiqo suitable for students?

Yes. Saldiqo is currently free, with all features. If that changes, you will hear at least six weeks ahead.

Do students with their own business 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 students with their own business 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 students with their own business 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.