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16.03.2021

How can I pay my taxes with cryptocurrencies?

16.03.2021
How can I pay my taxes with cryptocurrencies?
  1. As usual, you receive your tax invoices as hardcopy by mail.
  2. You inform the Cantonal Tax Administration Zug that you wish to pay your tax invoice with one of the offered cryptocurrencies.
  3. The Cantonal Tax Administration will then send you an e-mail, containing a link for payment.
  4. To start the payment, you click on the link provided in the e-mail. In the next step, you can choose whether to pay the taxes in Bitcoin or in Ether. Then, a QR code will be generated and shown on your device. We recommend that you do not open the link on the device on which your crypto wallet is installed as you have to scan the generated QR code (i.e. open the e-mail on your computer and open the crypto wallet on your smartphone). The QR code contains the invoiced tax amount in the current rate of the chosen cryptocurrency.
  5. Scan the QR code with your mobile wallet.
  6. Optionally, you can enter your e-mail address in order to receive a receipt for your payment. We recommend doing so with respect to accounting principles.
  7. Confirm the payment by means of a double click or swiping.

Notice:
We recommend to double check your entry before confirming the payment. Pay special attention to the blockchain address and match it with the blockchain address of your app.

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