Cryptopolitan
2019-08-15 09:30:50

Cryptocurrency salary in New Zealand is now a go

Cryptocurrency salary payments on a mass level is a huge leap forward for the mass cryptocurrency adoption, and New Zealand has just opened a new door here. Inland Revenue Department (IRD) of New Zealand has legalized the payments from companies to employees in cryptocurrencies, including Bitcoin. On June 27, 2019, the Director of Public Ruling, Susan Price signed the ruling. This ruling is applicable for three consecutive years commencing on September 01, 2019. On August 07, 2019, IRD published a tax bulletin guiding individuals about income declaration in cryptocurrencies. As per the bulletin, if payments are in fixed amounts and

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