An American state admitting tax payment with bit coin appeared

In the midst of the collapse of the virtual currency including Bitcoin (bit coin), Ohio State of the United States has accepted tax payment in bit coin.

Pay Taxes with Bitcoin? Ohio Says Sure - WSJ
https://www.wsj.com/articles/pay-taxes-with-bitcoin-ohio-says-sure-sure-1543161720

The Wall Street Journal reported that America and Ohio are planning to allow companies to pay tax on bit coins. Three types of taxes such as tobacco tax, fuel tax and withholding tax can be taxed with bit coin. Companies with tax obligations in Ohio can pay taxes with bit coins and the head office does not need to be in Ohio.

Ohio states that we have opened a cryptographic currency portal site " ohiocrypto.com " that conducts payment with bit coins for companies with tax obligations, but it is inaccessible at the time of article creation. According to Verge , companies wishing to pay tax on bit coins enter tax state by entering state registration number, tax payment date, tax due date of enterprise at ohiocrypto.com, Ohio state uses BitPay for cash to dollar It is said to be.

Ohio does not clarify the legal position of the virtual currency itself, but has received payment of taxes by using a business mechanism that can be converted into dollars through exchanges, the state changes the virtual currency The point is not to receive directly. Ohio emphasizes the flexibility for IT technology such as virtual currency and it seems that convenience was given priority by skipping legislative procedures on the difficult virtual currency status. Although the virtual currency that can be accepted at the time of article creation is limited to bit coins, there are plans to increase the type of currency in the future.

In Ohio state, we just released the bit coin substantially to corporate tax payment, and we can not pay tax at the individual level yet. However, there is a benefit unique to the digital currency that remittance in the virtual currency such as bit coin can be simplified, so whether whether the virtual currency tax payment will become active in the future or not depends on stability of the virtual currency market Maybe.