A Swiss region that has billed itself as a hub for high-tech finance said Thursday that it plans to accept cryptocurrencies Bitcoin and Ether for tax payments starting next year. ABC News reports: Switzerland’s Zug canton joins its eponymous main city and several Swiss towns in agreeing to take tax payments in cryptocurrency. Zug is thought to be the first region in the rich Alpine country to make the decision. The canton, which bills itself as home to “Crypto Valley,” said it would accept taxes from companies or individuals of up to 100,000 Swiss francs (about $110,000) paid in Bitcoin or Ether as of February. A pilot program is expected to be launched in the coming weeks. Taxpayers who want to pay in cryptocurrency would notify tax authorities, who in return would send a digitized QR code that allows for such payments.
of this story at Slashdot.
Source:: Slashdot