Salary in BTC from the Israeli company Spot.IM

[furkantugra]

The spread of such news globally is also encouraging for us, so it is a good news and development that attracts attention of all countries.

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[CryptoCompas]

There's nothing wrong with that. First, it increases the level of trust in cryptocurrencies. Secondly, employees are still given the opportunity to receive only part of the salary in the PTS. And a very important point is the issue of taxation. The salary of working people in Israel is subject to taxation, so you need to decide how much and how taxes will be charged.

[Alijiindahaus]

There's nothing wrong with that. First, it increases the level of trust in cryptocurrencies. Secondly, employees are still given the opportunity to receive only part of the salary in the PTS. And a very important point is the issue of taxation. The salary of working people in Israel is subject to taxation, so you need to decide how much and how taxes will be charged.

I think that in Israel not very arrogant officials, because they have legislation at the highest level and therefore taxes should be within the normal understanding. But nevertheless, I do not take the crypto currency as a salary, because it does not have a stable price.

[mrs_bitcoin]

Salary in cryptocurrency does not have proper liquidity in the traditional market. Perhaps in the future this will be more advantages. Not yet.

[arida_ds]

I would not want to get paid in BTC. I prefer to calculate my income in advance and know its size. In here in long-term investments in the form of MTC I would invest.

[Mariahuhu]

Israeli Internet company Spot.IM will pay salaries in bitcoins

 Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.

According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.

To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.

Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.

In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.

According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.

All I can say is WOW! I hope this thing happens in other countries out there and companies do something like this because it is really good. If you were want to ask me I would love Bitcoin as my salary.

[axemelada]

I have always considered Israel a very advanced state on a par with Japan. And if they do something, it's something that turns out to be very right. Because my answer is good!

[CRYPTOGANGSTERs]

As for me, salary in Bitcoin it's very good, but it should be possible to implement it in the everyday life of the country.

[South Park]

If the company pays by way of BTC, it would be more risky for both parties, as the price of the BTC fluctuates frequently, and we hold them really awe. I think the BTC is only for investment will be more appropriate.

If the employees of that company are willing to accept bitcoin as their form of payment then they should be completely free to do exactly that, however if I was in that position I will say that I will not accept bitcoin as a payment form yet, I say this because in my country there is no place near me where I can use my bitcoin, so I would prefer to receive fiat and then convert to bitcoin whatever I was willing to lose.

[_cryptoniya_]

My opinion on this is that if you want to change the usual view of things, you need to move in this direction. I think that Cryptocurrency can become a constant currency for turnover.

[Naficopa]

How looks the situation? Have they come to an agreement with the tax regulator? If they succeeded, it would surely be another step towards full usability of Bitcoin.
Does anyone know the link to the source, or any information channel in which we can follow this case?

[senyorito123]

That is very risky if they using Bitcoin to pay salary to their employees because Bitcoin fluctuates what if Bitcoin dump they cannot get their minimum salary,but if the management pays bitcoin based on their minimun wage income even Bitcoin will dump no employees will affected.and also it is a good news that their are companies now adopting Bitcoin as their source of payments it helps Bitcoin to become more useful and popular.

[TopT3ns]

That is very risky if they using Bitcoin to pay salary to their employees because Bitcoin fluctuates what if Bitcoin dump they cannot get their minimum salary,but if the management pays bitcoin based on their minimun wage income even Bitcoin will dump no employees will affected.and also it is a good news that their are companies now adopting Bitcoin as their source of payments it helps Bitcoin to become more useful and popular.

Maybe some people with that thing will understand first or educated what they must do, even in Japan there are some company already pay their employees with Bitcoin, (correct me if i'm wrong)

[LaurenProfi]

It can't be good or bad. It's risky and unstable. For a certain amount of work, the contractor will receive a different income depending on the exchange rate. If employees are satisfied with this-then this is only the pros.