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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Tech & Innovation
3 mins to read

IRD clarifies tax rules on Bitcoin payments

Companies choosing crypto payments can deduct tax under PAYE.

Thu, 15 Aug 2019

New Zealand has codified how it will draw taxes from salaries and bonuses paid using cryptocurrency assets, according to a new ruling by Inland Revenue.

In an August bulletin, the IRD published a ruling under the Income Tax Act that employees can be paid their salaries in cryptocurrency assets

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IRD clarifies tax rules on Bitcoin payments
Tech & Innovation,
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