Post
Topic
Board Hardware
Re: Avalon A7 announced
by
Biffa
on 03/11/2017, 11:02:59 UTC
It would be great if a European distributor - import duties are absolutely crippling!

Unless the new self-courier service from minerwarez has some scope to "ease" the import tax value

What are you talking about?

There are no import duties for EU, just Vat and the usual shippers handling fees. Any European distributor will have to still pay VAT on imports and will just pass it on and add it to the price.

The only way to mine without VAT is nog to Import Chinese miners Into the EU. Have them shipped to a hosting company in the US or China or Iceland or just anywhere without VAT on imports.

"Just" VAT is 20% - $180 per miner! + there is an import duty, albeit ~3-5% (can't remember which one).

I might actually have a look into hosting companies, although i don't know much about it so i'll have a read up  Grin

That's not import duty that's just the handling fees from the carrier. There should be no import duties unless the sender screwed up the paperwork. I know how much UK VAT is (its actually different in different EU countries)

The point I was trying to make is that a reseller will still have to pay the VAT and then will also have to charge VAT when selling within the EU, plus they will add a markup to cover their own costs of stocking, staffing and supporting the business, they will also have to make enough to cover their Corporation tax they pay to the local goverment on their profits, so a local EU distributor will do nothing for the prices here and you will probably end up paying a lot more than if you purchased direct.