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> Can I deduct the expense from my taxes? Slightly different in every country but in general, theres two parts to this question. The first bit is just the fac

> Can I deduct the expense from my taxes? Slightly different in every country but in general, theres two parts to this question. The first bit is just the fact as it's an expense, it affects your business' profit, and therefore how much you're taxed on. Anything you spend money on means a lower tax bill. What your probably thinking of is GST / VAT / sales tax etc. A tax at point of sale, which consumers normally pay, but can be claimed back for business to business trade. The idea being by making b2b cheaper, economy moves faster. To work with these systems you usually need a registered business, and get a VAT/GST number.I assume this anon service isn't VAT/GST registered, as doing so would kinda defeat the point. They also, might not be collecting this tax to pay on their side anyway. So no you can't claim that back, unless they get a VAT number.

TekMol 4y ago
So this is a yes + yes from you. I also tend to think that I could use the service and be able to deduct the expense from my earnings. In the scenario I imagine, there is now VAT involved. The website does not even provide an invoice or anything. I can very well imagine this becoming a real scenario. At the latest when DAOs and AI are combined to provide services that completely live in the digital realm. Without any location at all.
- JusticeJuice 4y ago
  > So this is a yes + yes from you. No - it's a yes + no. To get the VAT portion of your tax bill back/decreased back, you need to be a VAT registered business, trading with another VAT registered business, and you need invoices to prove this trade. Its not like the tax departments check every invoice, but if you got audited and you didn't have them, you'd be done for tax fraud. > I also tend to think that I could use the service and be able to deduct the expense from my earnings. That's not like a tax break to be clear, that's just not being a profitable business.

TekMol 4y ago

So this is a yes + yes from you. I also tend to think that I could use the service and be able to deduct the expense from my earnings. In the scenario I imagine, there is now VAT involved. The website does not even provide an invoice or anything. I can very well imagine this becoming a real scenario. At the latest when DAOs and AI are combined to provide services that completely live in the digital realm. Without any location at all.

JusticeJuice 4y ago
> So this is a yes + yes from you. No - it's a yes + no. To get the VAT portion of your tax bill back/decreased back, you need to be a VAT registered business, trading with another VAT registered business, and you need invoices to prove this trade. Its not like the tax departments check every invoice, but if you got audited and you didn't have them, you'd be done for tax fraud. > I also tend to think that I could use the service and be able to deduct the expense from my earnings. That's not like a tax break to be clear, that's just not being a profitable business.