Second-hand goods, consignment and travel agencies
Kigo.Cloud charges VAT only on the margin for second-hand goods and travel agency services, and keeps consignment goods in a separate warehouse until you settle with the supplier.
VAT only on the margin, not on the whole price.
You keep second-hand goods as margin items with a purchase price. On the invoice Kigo.Cloud charges VAT only on the difference between the selling and the purchase price.
- VAT and margin are calculated for you
- You can enter just the selling price
- Margin items are in every plan
Margin without VAT: 8.00 €. VAT is not charged on the whole price, only on the margin.
Margin and regular goods on one invoice.
Margin items and goods with regular VAT can be on the same invoice. The legal note on the margin scheme is printed automatically, and fiscalization and the e-invoice show the margin correctly (VAT category E).
- Note under Art. 95(2) for second-hand goods
- For travel agencies a note under Art. 91(1)
- A discount cannot take the price below the purchase price
| Item | Amount |
|---|---|
| Vinyl record, used (M) | 20,00 € |
| Record sleeve | 2,00 € |
Margin scheme for second-hand goods applied (Article 95(2) of the Croatian VAT Act).
From buying in to selling
The margin goods receipt and consignment are available from Standard, with stock keeping.
Margin goods receipt
You receive second-hand goods on a margin goods receipt (PRM), with a purchase price per piece.
Stock
Quantity, purchase price, margin and selling price are written to the item.
Sale
A sale reduces the stock and VAT is calculated from the margin.
Consignment goods in a separate warehouse.
Goods you sell on behalf of a supplier and pay for only once sold are kept in a consignment warehouse. Consignment sales per supplier are the basis for the supplier invoice.
- Consignment receipt, return and settlement
- Consignment and your own goods on the same invoice
- Consignment stock on any date
| Supplier | Sold | Amount |
|---|---|---|
| Primjer antiques | 14 | 640,00 € |
| Ivan Horvat | 3 | 210,00 € |
Margin services for travel agencies.
A margin service has a purchase and a selling price, and VAT is calculated from the margin, as for a margin item. Services are not kept in stock.
Second-hand goods, consignment and travel agencies: questions and answers
Can Kigo.Cloud charge VAT only on the margin for second-hand goods?
Yes. You keep second-hand goods as margin items with a purchase price, and VAT on the invoice is calculated only from the difference between the selling and the purchase price. The legal note on the margin scheme is printed automatically.
Can margin items and regular goods be on the same invoice?
Yes. VAT on a margin item is calculated from the margin and on other items from the full price. Fiscalization and the e-invoice show both parts.
Software that more than a thousand Croatian companies already rely on.
Kigo.Cloud is made by Symmetria d.o.o. from Zagreb and BID Grupa d.o.o. from Rijeka, a team building invoicing and fiscalization software since 2013, with support in Croatian and English.
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