The State of Colorado already accepts cryptocurrencies to pay taxes

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The State of Colorado already accepts cryptocurrencies to pay taxes
The State of Colorado already accepts cryptocurrencies to pay taxes

Those who use the new payment method will have to pay an additional cost.

The state of ColoradoUnited States, officially announced that you can already pay local taxes with cryptocurrency. The news was confirmed by Governor Jared Polis himself during Denver Startup Week. In this way, it became the first state to launch the initiative.

According to local media, Coloradans will be able to use bitcoin (BTC) and other cryptocurrencies to pay individual and business income tax, sales and use tax, withholding tax, compensation tax, and excise tax on fuel.

Read more:The United States opens a public consultation on crypto regulation

The Colorado Department of Government Revenue clarified that Only those people who have a personal account can pay with cryptocurrencies. PayPal. Likewise, he explained that those who wish to pay in digital assets must do so on the total invoice with the same cryptocurrency.

On the other hand, the local authorities pointed out that a kind of extra commission of 1.83% of the total of each invoice will be charged for whom it is pay in cryptocurrenciesadded to an additional amount of one dollar.

Keep reading:

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