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Salaries Allowed to be Paid through Cryptocurrency in New Zealand

  • The Inland Revenue Department (IRD), the tax office of New Zealand, has made it legal to “receive salaries” through cryptocurrency. And the employees will be taxed as per PAYE (Pay As You Earn). Moreover, the tax will be automatically deducted. However, this order is applicable to salaried people and wage earners only. Self-employed individuals will remain excluded from this order.

    Map of New Zealand

    Tagged as: Salaries in Cryptocurrency, New Zealand