CCBeast Special

Tax Payment through Bitcoin
Editorial Team

Chiasso is a municipality of Switzerland, located in the southernmost tip of Switzerland.  In the recent announcements in Chiasso indicated that citizens can now pay their taxes in Bitcoins. There is a limit though to the amount you can use to pay the taxes. The maximum amount citizens can pay taxes in Bitcoin are up to 250 Swiss Francs or equal to US  $ 268 . The implementation will start from January 2018. According the Chiasso mayor, Chiasso is starting to be recognized internationally as an epicenter for technological innovation. Also another for reason for such an announcement is to attract crypto focused investors. The Chiasso government has also announced that cryptocurrency education will be a part of education in upper secondary schools. Also with Bitcoin payment can minimize the tax revenue loss due to the diminishing local banking sector.