Consignment stock is stock transferred to Cyprus by a supplier established in another EU member state which remain under the supplier's control and from which supplies will be made by the supplier, or on the supplier's behalf, within Cyprus.
There is no simplification for consignment stock under Cypriot VAT law. Where a non-established supplier transfers consignment stock to a Cyprus customer, ie to be placed in the consignee's care, the supplier will have to register in Cyprus in order to undertake an acquisition of own stock. The ensuing sale of goods to the customer under the consignment stock agreement will constitute a domestic sale of goods for the supplier, subject to VAT at the applicable VAT rate.
Where both the supplier and the customer are based in Cyprus and goods are held on a consignment basis, the goods are
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Web page updated on 17 Mar 2025 13:41