Swiss canton of Zug starts accepting tax payments in cryptocurrency

Swiss canton of Zug starts accepting tax payments in cryptocurrency


The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH).

Bitcoin Suisse, a local crypto broker that enabled the new opportunity in partnership with the canton, announced Feb. 17 that the crypto payment option has rolled out this week.

The administration of the canton of Zug placed an official memo for the new tax payment option on its official website, providing detailed video instructions for paying tax bills with crypto.

Trending: Eric Trump: “There’s A Very Good Chance We’ll All Be On Stage Again Soon”

“This step forward for crypto adoption has been enabled by the pioneering work from the Zug cantonal tax office using the Bitcoin Suisse Crypto Payments solution. It is yet another sign of innovation in Blockchain Nation CH,” Bitcoin Suisse wrote.

The canton of Zug initially announced its plans to start accepting crypto for tax payment in September 2020, offering the new payment option to local companies and individuals.

Widely referred to as the “Crypto Valley” for its positive stance

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend