CryptoTracker.pl - kursy kryptowalut logo CryptoTracker.pl - kursy kryptowalut logo
Cryptopolitan 2019-08-12 17:00:21

New Zealanders can now be paid their salaries in cryptos

In order to cement the crypto tax regulation in the country, New Zealand’s Inland Revenue Department has made it legal for local residents to receive their salaries via cryptocurrencies. The IRD made this announcement via its August bulletin, where it’s clearly indicated that as long as it counts as remuneration for services provided, a resident of New Zealand is eligible to receive parts or all of their salary in crypto assets. However, all of this falls under the Income Tax Act, meaning that crypto holders will be identified and taxed accordingly. Almost every single cryptocurrency applies to the new law

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer