# Swiss Canton Zug Now Accepts Bitcoin And Ether For Tax Payments

By Coinness

Canonical URL: https://www.tokenpost.com/news/regulation/6661
Published: 2021-02-18T07:25:04.000Z
Updated: 2021-02-19T01:44:17.000Z
Section: Regulation

> The canton of Zug, one of the Swiss Confederation member states, has begun accepting bitcoin (BTC) and ether (ETH) for tax payments after initially announcing support last September.

The canton of Zug, one of the Swiss Confederation member states, has begun accepting bitcoin (BTC) and ether (ETH) for tax payments after initially announcing support last September.

Kanton Zug has partnered with Bitcoin Suisse for the initiative, meaning the Swiss crypto firm will convert residents' BTC and ETH tax payments into Swiss Francs for the authority.

The process of paying taxes with crypto appears to be simple. Residents have to scan a QR code and pay from a crypto wallet of choice. The cap for such payments is up to CHF 100,000 (about $110,000).