Bitcoin Forum

Bitcoin => Mining => Topic started by: NonFungibleUser on March 24, 2022, 06:31:18 PM



Title: Do you know any mining retal website that generates VAT invoice?
Post by: NonFungibleUser on March 24, 2022, 06:31:18 PM
I want to mine through my company, but I need an invoice to declare the expense.

However, I haven't found any service that provides an invoice...


Title: Re: Do you know any mining retal website that generates VAT invoice?
Post by: BitMaxz on March 25, 2022, 10:18:19 PM
No there is no mining rental that will give you a VAT invoice there are only mining rentals that I know legit Nicehash and MiningRigRentals.

If this is all about the tax why not track your mine coins I think you can use this website below to make a Tax report.

- https://cointracking.info/


Title: Re: Do you know any mining retal website that generates VAT invoice?
Post by: NonFungibleUser on March 27, 2022, 06:14:50 PM
No there is no mining rental that will give you a VAT invoice there are only mining rentals that I know legit Nicehash and MiningRigRentals.

If this is all about the tax why not track your mine coins I think you can use this website below to make a Tax report.

- https://cointracking.info/

Thanks for the suggestion, but I'm looking for something else, let me ellaborate.

The thing: is I live in a very unforgiving country tax-wise. If I take the money out of my company as a salary, about 60% goes to the state, through direct and indirect taxes. Corruption here is high, and if you earn above average, they try to take every single penny out of you.

So I wanted a way to be able to take that money out of the company tax-free.

My idea was to use the company's money to buy mining services, as an IT business expense, and then profit from the mining itself (which is tax free), and actually never convert it to fiat.

I am also thinking in creating a small VPS/host providing service, receiving Monero as payment. But I don't have any kind of infrastructure nor knowledge to maintain many servers and a hosting service.


Title: Re: Do you know any mining retal website that generates VAT invoice?
Post by: NotFuzzyWarm on March 28, 2022, 02:31:43 PM
This Forum will not help anyone attempting to evade taxes. How fair your country is regarding taxation in irrelevant.
That said, even if a rental site gave you a receipt for money paid to them, your tax authorities would/should know that the rental site also pays you and would look into it so you are no better off trying to hide your income like that.