COMMENT:

In June the Inland Revenue had finished mulling over what to do about employees being paid in crypto currencies such as bitcoin, ethereum, litecoin and what have you.

Long story short, if your salary, wage, or bonus is paid partly or fully in a crypto currency, pay as you earn and/or fringe benefit tax needs to be docked, ditto student loan and KiwiSaver deductions and sent to IRD, the Commissioner said in a binding ruling.

Not in bitcoin or another crypto currency however: while IRD accepts that people can be paid for their employment in crypto money, they want

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