[ANN] Bitfury ASIC sales in EU and Europe

[itod]

not smart at all to alienate 80% of the bitcoin community by not shipping to US

lol 80% of the bitcoin comunity Tell me you were joking...

They probably don't want to have tax issues in the beginning, they will include minor markets in the future  

[fsb4000]

not smart at all to alienate 80% of the bitcoin community by not shipping to US

80% community 

[MXRider]

europe guys set up a shipping service to US

not smart at all to alienate 80% of the bitcoin community by not shipping to US

I already said I'm doing this. I'm waiting for Punin to get everything in order with VAT and everything so I can order some units for my company.

[2weiX]

I would not pay VAT if I order as a company.
Is there a way to get that into the store?

[Foofighter]

I would not pay VAT if I order as a company.
Is there a way to get that into the store?

yes there is, in the check out process.

[joris]

europe guys set up a shipping service to US

not smart at all to alienate 80% of the bitcoin community by not shipping to US

Done:

Unofficial Hosting & Reselling of Bitfury's ASIC - Miners & Chips
https://bitcointalk.org/index.php?topic=251160.0

[Foofighter]

Thank you punin and bitfury for this great opportunity, and the great support of yours.

Asked several things via the contact form and got answered inside of a few hours!

Thanks guys.

regards

[Tinua]

I would not pay VAT if I order as a company.
Is there a way to get that into the store?

yes there is, in the check out process.

But not for non-EU states.
VAT is always claimed full. And that is wrong!
So I'm going to order anything.
No desire to pay VAT two times.

[MXRider]

I would not pay VAT if I order as a company.
Is there a way to get that into the store?

yes there is, in the check out process.

But not for non-EU states.
VAT is always claimed full. And that is wrong!
So I'm going to order anything.
No desire to pay VAT two times.

No, you don't have to pay VAT at all if you are located in a non-EU country. Only thing you have to worry is shipping and a possible sales tax or similar if your country has one. VAT is only for consumers (end-users) who live inside EU.

[itod]

No, you don't have to pay VAT at all if you are located in a non-EU country. Only thing you have to worry is shipping and a possible sales tax or similar if your country has one. VAT is only for consumers (end-users) who live inside EU.

This is not true, many non-EU countries have VAT. I have no way not to double-pay VAT importing from EU if seller doesn't (properly) release me from paying EU country VAT.

[MXRider]

No, you don't have to pay VAT at all if you are located in a non-EU country. Only thing you have to worry is shipping and a possible sales tax or similar if your country has one. VAT is only for consumers (end-users) who live inside EU.

This is not true, many non-EU countries have VAT. I have no way not to double-pay VAT importing from EU if seller doesn't (properly) release me from paying EU country VAT.

VAT is not applied if seller ships outside of EU. I can't say this more clearly.

[cimpex]

what about SEPA payment?

[seleme]

I'll buy if btc goes on rally to 100$ 

[PetrovMichael]

Hi ! Hope this will help

need to think 2 different operations. 1) Sales within EU with VAT and 2) sales to customer outside EU and ship out outside EU by proof (you can sell to customer outside EU with VAT too and this case this is customer decision to take VAT compensation when item leave EU).

If you assemble the item within EU you warehouse keep items with VAT. If you import items and move thru custom - your item with VAT. If you import item and do not move thru custom (keeping the item within custom warehouse (special control zone or you will issue the certificate (this case you can't sell the item, just keep it)) - item without VAT. 

Let say 1 item cost 1200 VAT 200 by bookkeeping record (warehouse assets). If you ship out outside EU you need to export (custom doc is key proof of export), and the invoice will be without VAT. Export invoice cost can be (possible) 1100 VAT 0. (Just sample, need not to discuss margin in details, but in this case margin is 100 - 1100 w/o VAT - 1000 w/o VAT stock price). Company will receive payment 1100 w/o VAT. What about taxation ? You will have VAT debit EUR 200 and margin EUR 100. VAT debit your bookkeeper will record and if no further operation (VAT will balance within bookkepping of by the quarter) you will receive compensation by goverment next quarter. Margin will tax by the year total margin result (you salary and other expenses will deduct from margin so, 99% companies in Europe do not pay margin tax at all.)

OK, also you can trade without VAT if you will ship out item which are not EU custom cleared, let say EU company sell something directly from India. You will issue invoice 1100 w/o VAT and ship out 1100 w/o VAT and buy from India supplier w/o VAT 500. This case you need not custom doc, just should India shipper sent to the customer outside EU. Please, keep attention that supplier and shipper can (should) be different. But, as taxation movement, India authority will wish to have something when export from India .

[fmarcosh]

I have the intention of buying one starter kit now and buy more hasing cards in the future. I've found the following problems:
The VAT is not properly disccounted for my company. The checkout process say "You have entered an invalid VAT number (BXXXXXXXX) for your country." How do you check this field?.
The "extra-charges" of bitpay payment method. This is anti-bitcoin motif. I need to pay 1240€, that bitpay converts to 24,3032 BTC at an exchange of 51,02 €/BTC, but because I have € and not BTC at this moment, actually I need  aprox. 54 € for 1 BTC at "bitcoin.de" market, thats aprox 6% charge, and I'm assuming the risks that €/BTC will go down between the time I start the transaction at the exchange market and when I will finally receive the btcs.
So, dear BitfuryStrikesBack people, why not accept SEPA transfers with all warranties for you and any inconvenience for us, the customers?.
Regards.

[whisper]

I'll buy if btc goes on rally to 100$ 

So this will not happen any time soon. May be in the end of the year.

[salvi]

"BFSB is a distributor of Bitfury ASIC Bitcoin mining chips and devices in EU and rest of Europe. BFSB is based in Kimito, Finland. We operate as mail-order company. We don’t ship to USA nor CIS (CHГ)."

If BFSB is a legal company (as I assume from adding VAT to orders), then why there aren't any other company details available (so I can check if such company really exists)?

[Noogsy]

Nice.
BUT: only BTC as payment accepted ?
Uncool. Again only those already sitting on coins can buy. And doesn't help prevent scam-accusations.
Makes me sad. *cry*

[Foofighter]

everybody can buy coins? Also very cheap right now, so were is the problem

[one4many]

Nice.
BUT: only BTC as payment accepted ?
Uncool. Again only those already sitting on coins can buy. And doesn't help prevent scam-accusations.
Makes me sad. *cry*

Buy them in a exchange!!!!