Residents of Argentina’s wine-making mecca Mendoza can now pay taxes and fees using cryptocurrency.
The government of the province of Mendoza — which includes the desert city of the same name and is located in the west of the country along the Andes mountain range — rolled out the new feature last week.
Taxpayers can get a QR code and send the funds from their wallets. According to this nifty step-by-step guide, any crypto wallet is supported.
It’s not the first government to accept taxes in crypto. In March of this year, Florida Governor Ron DeSantis announced he is taking steps to enable firms to pay taxes in cryptocurrencies. The canton of Zug, one of the Swiss Confederation member states, started accepting bitcoin and ether last year.
“This new service is part of the modernization and innovation strategic goal carried out by Mendoza’s tax authority so that taxpayers have different means to comply with their tax obligations,” the tax authority said.
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About Author
Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).
Source: https://www.theblock.co/post/166324/argentinas-wine-making-haven-now-accepts-crypto-as-tax-payment?utm_source=rss&utm_medium=rss