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Paying Salaries With Bitcoin
The Inland Revenue Department of New Zealand issued a statement which clarifies the matter of cryptocurrencies being used to pay for salaries in the country.
According to the document, there are several cases where employers will be able to pay salaries with crypto assets. This will be possible when they are devised for payments for services performed by the employee under a functional employment agreement, when it’s for a fixed amount or when it is a regular part of the employee’s remuneration.
Now, it’s also worth noting that the ruling only applies to salary and wage earners. In other words, self-employed taxpayers won’t be able to take advantage. Moreover, this won’t be possible if the payment is subjected to a lock-up period and only if the cryptocurrency can be converted directly into a fiat currency.
The Inland Revenue Department of New Zealand issued a statement which clarifies the matter of cryptocurrencies being used to pay for salaries in the country.
According to the document, there are several cases where employers will be able to pay salaries with crypto assets. This will be possible when they are devised for payments for services performed by the employee under a functional employment agreement, when it’s for a fixed amount or when it is a regular part of the employee’s remuneration.
Now, it’s also worth noting that the ruling only applies to salary and wage earners. In other words, self-employed taxpayers won’t be able to take advantage. Moreover, this won’t be possible if the payment is subjected to a lock-up period and only if the cryptocurrency can be converted directly into a fiat currency.
https://cryptopotato.com/this-country-will-legalize-and-tax-bitcoin-salary-payments-from-september/
It's hilarious now that I think of it, it does look like a vending machine. Amazing how the beverage can still stands after falling from like a meter high. 
Not suitable for cardiacs.
I need a photo there. Not leaving BCN without that damn photo.
no big deal anyway. I can digest with beer just fine.
