The authorities of the Swiss canton of Zug have raised the minimum threshold for taxes paid in bitcoin and Ethereum from 100,000 CHF up to 1,500,000 CHF ($1.67 million). Writes about it The Block.
Local residents got the opportunity to pay taxes in the mentioned cryptocurrencies in 2021. The initiative was announced in September 2020.
Bitcoin Suisse acted as a partner of the authorities. The company converts digital assets into Swiss francs. During the period of this opportunity, the Zug authorities collected 2 million CHF ($2.22 million) in 150 transactions.
Recall that in November 2022, the Swiss authorities introduced verification when carrying out cryptocurrency transactions in the amount of more than 1000 CHF ($1110).
Earlier it became known that the Swiss city of Lugano will make Bitcoin, Tether and the city’s LVGA token “de facto” legal tender.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The authorities of the Swiss canton of Zug have raised the minimum threshold for taxes paid in bitcoin and Ethereum from 100,000 CHF up to 1,500,000 CHF ($1.67 million). Writes about it The Block.
Local residents got the opportunity to pay taxes in the mentioned cryptocurrencies in 2021. The initiative was announced in September 2020.
Bitcoin Suisse acted as a partner of the authorities. The company converts digital assets into Swiss francs. During the period of this opportunity, the Zug authorities collected 2 million CHF ($2.22 million) in 150 transactions.
Recall that in November 2022, the Swiss authorities introduced verification when carrying out cryptocurrency transactions in the amount of more than 1000 CHF ($1110).
Earlier it became known that the Swiss city of Lugano will make Bitcoin, Tether and the city’s LVGA token “de facto” legal tender.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!