- Non-Taxable Supply: Cryptocurrency mining conducted for personal use (own account) is classified as a non-taxable supply and is excluded from VAT applicability.
- Taxable Supply for Services: Mining cryptocurrency on behalf of another person, which involves supplying computational power, is deemed a taxable supply of services subject to VAT.
- Input Tax Recovery: Input tax incurred by an individual mining for personal use is non-recoverable, while a registrant mining on behalf of others can recover input tax if it directly relates to making a taxable supply.
Source Orbitax
