{"id":79032,"date":"2023-05-19T17:40:13","date_gmt":"2023-05-19T14:40:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79032"},"modified":"2025-09-11T08:39:57","modified_gmt":"2025-09-11T05:39:57","slug":"in-switzerland-the-canton-of-zug-raises-the-threshold-for-bitcoin-and-ethereum-tax-payments-to-chf-1-5-million-1-67m","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/in-switzerland-the-canton-of-zug-raises-the-threshold-for-bitcoin-and-ethereum-tax-payments-to-chf-1-5-million-1-67m\/","title":{"rendered":"In Switzerland, the canton of Zug raises the threshold for bitcoin and Ethereum tax payments to CHF 1.5 million ($1.67m)."},"content":{"rendered":"<p>The authorities of the Swiss canton of Zug raised the minimum threshold of taxes payable in bitcoin and Ethereum from 100,000 <span data-descr=\"Swiss francs\" class=\"old_tooltip\">CHF<\/span> to 1,500,000 CHF ($1.67m). <a href=\"https:\/\/www.theblock.co\/post\/231555\/zug-bitcoin-ether-tax-payment-increased-limit\"> The Block<\/a>.<\/p>\n<p>Local residents gained the ability to pay taxes in the mentioned cryptocurrencies in 2021. The initiative<a href=\"https:\/\/forklog.com\/en\/news\/swiss-canton-of-zug-allows-paying-taxes-with-bitcoin-and-ethereum\"> announced<\/a> in September 2020.<\/p>\n<p>Bitcoin Suisse acted as the authorities&#8217; partner. The company converts digital assets into Swiss francs. During the period such a facility operated, the canton of Zug collected 2 million CHF ($2.22 million) across 150 transactions.<\/p>\n<p>In November 2022, Swiss authorities<a href=\"https:\/\/forklog.com\/en\/news\/switzerland-to-require-verification-for-cryptocurrency-transactions\"> introduced verification<\/a> for cryptocurrency transactions above 1,000 CHF ($1,110).<\/p>\n<p>Earlier it was reported that the Swiss city of Lugano would make Bitcoin,<a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\"> Tether<\/a> and the city token LVGA de facto <a href=\"https:\/\/forklog.com\/en\/news\/swiss-lugano-to-permit-bitcoin-and-usdt-payments-within-the-city\">legal tender<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The authorities of the Swiss canton of Zug raised the minimum threshold of taxes payable in bitcoin and Ethereum from 100,000 CHF to 1,500,000 CHF ($1.67m).<\/p>\n","protected":false},"author":1,"featured_media":79033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[468,558],"class_list":["post-79032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-switzerland","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79032"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79032\/revisions"}],"predecessor-version":[{"id":79034,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79032\/revisions\/79034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79033"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}