New Zealand greenlights Bitcoin salary regulation – but it’s still a bad idea

New Zealand greenlights Bitcoin salary regulation – but it’s still a bad idea
фото показано с : thenextweb.com

2019-8-12 14:02

New Zealand‘s tax authorities have deemed it legal for companies to pay its employees in Bitcoin and other cryptocurrencies. Companies will also be able to deduct income taxes using current PAYE (pay as you earn) frameworks under the Income Tax Act 2007.

The country’s Inland Revenue Department (IRD) published a bulletin (dated August 7, 2019) stating that the ruling was made under the Tax Administration Act 1994. (If you’re not up to speed on your New Zealand tax acts, the 1994 act typically governs the responsibilities of different government departments in relation to taxation. ) There are a few caveats, though. …

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Источник: thenextweb.com

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2019-8-8 19:18


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2019-5-2 20:20


Фото:

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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

2019-1-24 20:28


Фото:

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