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Title: KnCMiner EU company VAT/TAX number Post by: giantdragon on September 07, 2013, 07:03:01 PM I see that KnCMiner asks EU company VAT/TAX number on checkout page and would like to know how does it affects purchase?
Title: Re: KnCMiner EU company VAT/TAX number Post by: tom_o on September 07, 2013, 11:05:06 PM If you are a company in the EU with a VAT number then you don't have to pay the tax.
Title: Re: KnCMiner EU company VAT/TAX number Post by: giantdragon on September 08, 2013, 12:36:27 AM If you are a company in the EU with a VAT number then you don't have to pay the tax. Does it means that if I leave this field blank the VAT will be added to the final price? (I tried and on the last page final price was shown without additional taxes).I want to ship into EU country (Latvia). Title: Re: KnCMiner EU company VAT/TAX number Post by: M091 on September 08, 2013, 08:46:12 PM If you are a company in the EU with a VAT number then you don't have to pay the tax. Does it means that if I leave this field blank the VAT will be added to the final price? (I tried and on the last page final price was shown without additional taxes).I want to ship into EU country (Latvia). If you are registered as a company in Latvia, you've got a EU VAT number. Without this, VAT will be charged indeed. Title: Re: KnCMiner EU company VAT/TAX number Post by: giantdragon on September 09, 2013, 01:17:16 AM I don't know exactly (need to ask a professional), but in Latvia a company registration number seems to be not the same as VAT number. The second is being assigned separately after request and review of the company and let to claim VAT returns (inspectors can visit the place where you operate your business to check that it is real and trustworthy). These rules were imposed to prevent fraudulent VAT returns which are rather common in Latvia. Bitcoin is not regulated in Latvia at all, so I very doubt that our state's revenue service will ever assign VAT number to the Bitcoin mining company.
May be you know more about it, e.g. other EU counties that allow easier ways to get VAT number? Title: Re: KnCMiner EU company VAT/TAX number Post by: tom_o on September 11, 2013, 10:34:52 PM I don't know exactly (need to ask a professional), but in Latvia a company registration number seems to be not the same as VAT number. The second is being assigned separately after request and review of the company and let to claim VAT returns (inspectors can visit the place where you operate your business to check that it is real and trustworthy). These rules were imposed to prevent fraudulent VAT returns which are rather common in Latvia. Bitcoin is not regulated in Latvia at all, so I very doubt that our state's revenue service will ever assign VAT number to the Bitcoin mining company. May be you know more about it, e.g. other EU counties that allow easier ways to get VAT number? Describe yourself as a data centre hosting computer processors and providing/using calculation power rather than saying a "mining company". |