摘要： As of 2021, the Canton of Zug in Switzerland will allow individuals and businesses to pay their taxes using cryptocurrencies like Bitcoin and Ether.
Zug is one of the 26 cantons (member states) of Switzerland. The state is located in central Switzerland, and Zug is often referred to as Crypto Valley.
New Use Case for Cryptocurrency
The authorities in charge of Zug’s cantonal administration have decided to follow several companies accepting cryptocurrency as a payment option. The authorities will, therefore, allow citizens to pay taxes in Bitcoin and Ethereum as the two are the biggest cryptocurrencies in the market. Traditionally, Zug authorities accept tax payments in fiat currencies, but they intend to add a new payment option to begin accepting taxes in Bitcoin and Ethereum.
As from 2021, Zug would be the first Swiss canton to give individuals and businesses the option of paying tax debits via cryptocurrencies. However, they would be able to pay up to an amount worth of 100,000 Swiss francs.
Within a few weeks coming, a pilot project will be rolled out to test the necessary processes of the new initiative in Zug.
Taxpayers who decided to pay bills using cryptocurrencies must notify the tax authority in advance. They would then receive the QR code (sent by email) required to make such payments.
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