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Cyprus Tax Information

19% VAT

VAT (ΦΠΑ) is 19% standard, 9% for hospitality/transport, 5% for essentials. Source: Cyprus Tax Department.

Bookkeeper Services to Invoice

  • Monthly bookkeeping
  • Bank reconciliation
  • Accounts payable
  • Accounts receivable
  • Payroll support
  • Financial reports
  • Catch-up bookkeeping

Invoice Requirements in Cyprus

VAT registration number
Business address
Client VAT if applicable
Invoice number
VAT breakdown
Total in EUR

Payment Terms

Monthly retainer paid in advance. Catch-up projects 50% deposit.

Μετρητά15 ημέρες30 ημέρεςΠροθεσμία

Payment Methods in Cyprus

Bank TransferCredit CardPayPalCash

Bookkeeper Invoice Tips

  • Specify period covered
  • Include transaction count
  • Note software used
  • Reference deliverables
  • Document hours if applicable

Frequently Asked Questions

What tax rate applies to bookkeeper invoices in Cyprus?

Cyprus has 19% VAT. VAT (ΦΠΑ) is 19% standard, 9% for hospitality/transport, 5% for essentials. Source: Cyprus Tax Department.

What payment methods are common for bookkeepers in Cyprus?

Common payment methods in Cyprus include: Bank Transfer, Credit Card, PayPal, Cash. Monthly retainer paid in advance. Catch-up projects 50% deposit.

What should bookkeeper invoices include in Cyprus?

Your invoice should include: VAT registration number, Business address, Client VAT if applicable, Invoice number. For bookkeeper services specifically, also include: Monthly bookkeeping, Bank reconciliation, Accounts payable.

How to price bookkeeping?

Monthly flat fee based on transaction volume. $300-2000/month typical for small business.

Charge for catch-up work?

Hourly or per-month-behind rate. Catch-up is intensive work, price accordingly.

What VAT rates apply in Cyprus?

Cyprus applies 19% standard VAT, 9% for hotels/restaurants/transport, 5% for books and medicines. Zero-rated intra-EU supplies.