Bitcoin City: Can The Key To BTC Taxes Be VAT?
The proposed El Salvador project would receive tax revenue in an interesting way that appears on the surface more digestible to investors.El Salvador President Nayib Bukele recently outlined ambitious plans to construct a Bitcoin City at the base of the Conchagua stratovolcano, which overlooks the Gulf of Fonseca. Donning a backward-facing baseball cap and button-down shirt, the youthful president — who refers to himself as the country’s “CEO” on Twitter — suggested the new, Alexandria-like city could be financed by government-issued, bitcoin-backed bonds with geothermal energy powering....
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Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens.
Buenos Aires Government to Introduce Cryptocurrency Tax Payments
The government of Buenos Aires, the capital of Argentina, is planning to allow its citizens to pay some taxes with cryptocurrencies. According to local media, the announcement was made by....
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors. Curitiba Might Accept Crypto for Paying Taxes More and more municipalities are including crypto as part of their development and tax-collecting plans. This time is Curitiba, the capital of the state of Parana in Brazil, which is considering accepting payments in....
Florida has announced that it would allow citizens to pay their state taxes in bitcoin. The state has been a hotbed for crypto activities as Miami Mayor Francis Suarez has made it his mission to make the city the crypto hub of the nation. This has paid off in various ways for the city and […]
The city will allow taxpayers to make crypto payments through third-party service providers. The city of Rio de Janeiro is seeking crypto firms to operate its tax property seasoning in 2023, according to a decree published on Oct. 11, allowing taxpayers to use crypto alongside fiat currency to pay tributes. The move makes Rio the first Brazilian city to accept digital assets as payment for taxes.It is expected that taxpayers will be able to pay with more than one crypto asset and that other types of taxes will be enabled in the future, the city stated. The decree also states that companies....
Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country to do so, recognizing there is a boom in the cryptocurrency market. These actions form part of a plan that sees the city investing some of its funds in crypto assets in the future.
Rio de Janeiro Will Expand Its Tax Payment Options
The city of Rio de Janeiro revealed a plan to introduce cryptocurrencies in its payment options for taxes. At a recent event where the mayor of the city,....