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Author Topic: AVALON batch #3 value for customs?  (Read 1120 times)
Rampion (OP)
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March 26, 2013, 11:26:42 AM
 #1

Batch #1 and Batch #2 units had their value stated in USD on the website. Batch #3 was always listed in BTC only.

What USD/EUR value will be declared for import duties/taxes value? This is quite an important matter, as some of us in Europe have to pay up to 24% VAT.

Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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March 26, 2013, 11:28:53 AM
 #2

Batch #1 and Batch #2 units had their value stated in USD on the website. Batch #3 was always listed in BTC only.

What USD/EUR value will be declared for import duties/taxes value? This is quite an important matter, as some of us in Europe have to pay up to 24% VAT.

It's gonna be whatever fiat value you paid for at the time of purchase. So, it's 7700 +24%.


It seemed like a good idea at the time.
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March 26, 2013, 11:29:59 AM
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Batch #1 and Batch #2 units had their value stated in USD on the website. Batch #3 was always listed in BTC only.

What USD/EUR value will be declared for import duties/taxes value? This is quite an important matter, as some of us in Europe have to pay up to 24% VAT.

It's gonna be whatever fiat value you paid for at the time of purchase. So, it's 7700 +24%.


Umm, based on what information? Source?

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March 26, 2013, 11:32:33 AM
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Based on common sense maybe?
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March 26, 2013, 12:16:52 PM
 #5

Batch #1 and Batch #2 units had their value stated in USD on the website. Batch #3 was always listed in BTC only.

What USD/EUR value will be declared for import duties/taxes value? This is quite an important matter, as some of us in Europe have to pay up to 24% VAT.

It's gonna be whatever fiat value you paid for at the time of purchase. So, it's 7700 +24%.



Nope. That's not it. They declare a much much LOWER value than the purchase amount, but shhhhh let's keep that a secret..mmmkaaay?  Tongue We would not want the big bad greedy government to fleece us.

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March 26, 2013, 12:17:36 PM
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Batch #1 and Batch #2 units had their value stated in USD on the website. Batch #3 was always listed in BTC only.

What USD/EUR value will be declared for import duties/taxes value? This is quite an important matter, as some of us in Europe have to pay up to 24% VAT.

It's gonna be whatever fiat value you paid for at the time of purchase. So, it's 7700 +24%.



Well, exchange rate was aprox. $70usd per BTC when I bought - for a 3 modules unit that is more like $5.250

Anyhow is a big hit indeed, when it comes to customs value. But it is what it is, we already knew that.

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