Rio de Janeiro will start accepting property tax in Bitcoin

28.03.2022 16:11
by Artem Ustinov
1 min read

Rio de Janeiro will start accepting property tax in BTC

The Brazilian capital will start accepting Bitcoin transfers in 2023 to pay city property taxes. To do this, the authorities introduce new rules for the taxation of cryptocurrency.

https://twitter.com/cz_binance/status/1507744783795724293?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1507744783795724293%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2 janeiro-taxes-in-cryptocurrency%2F

To process transfers, the mayor’s office will sign contracts with blockchain companies. They will convert crypto assets to Brazilian Real. In the future, the authorities plan to accept bitcoins to pay other taxes.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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