Make sure to include a local interpretation from a tax authority.
It's surprisingly difficult to find tax information that does not relate to cryptocurrency capital gains taxes (i.e. as an investment vehicle) but most business owners will want to stay on the "good" side of the law, even if they wear a "fuck the state" shirt.
That being said, most countries treat all cryptocurrencies as property. So it does not matter if you accept Bitcoin, Ethereum, gold or Rai stones, the sale is a taxable event and the "benefit" received must be accounted as gain at its fair value at the moment of transaction.
Thanks for the tip! Do you by chance have experience talking to business owners about this?
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Not about accepting bitcoin but about running a business in this shithole. I also worked for several companies, big and small, and I technically am a business owner myself, being self-employed. A top concern that always comes up is always tax compliance, followed closely by labor law.
And extra accounting means extra cost, means the incentives need to make it economically viable.
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