Getting a salary in USDC

[Leno]

PS: Would be nice to avoid tax but SARS are to clever these days. I will be paying tax as normal. 36% of my salary poof

As a provisional tax payer it will probably be worth it to hire an accountant to do your returns and advise what expenses you can claim. Equipment used for the work, depreciation etc etc

 

[Not_original]

Keep it off Luno. They need to declare it to SARS

Taxman: Oh hey OP, we see you are living the life, nice car, kids in good school and all. We would like to extend you the opportunity one final time to show us the money, because if we have to go look for it, we are not going to be so friendly.....

 

[Snyper564]

As a provisional tax payer it will probably be worth it to hire an accountant to do your returns and advise what expenses you can claim. Equipment used for the work, depreciation etc etc

only if newly acquired cant "write off" previously purchased equipment

 

[III_MESSIAH_III]

As a provisional tax payer it will probably be worth it to hire an accountant to do your returns and advise what expenses you can claim. Equipment used for the work, depreciation etc etc

only if newly acquired cant "write off" previously purchased equipment

Thanks for the info. I will definitely hire someone to do my tax, I have no time to do it myself. I actually work 2 jobs which makes me work 7 days a week.

 

[III_MESSIAH_III]

Visa supports USDC so you can paid directly to your card, assuming you have a Visa card.

I do have a VISA credit card. After reading that article am I right in saying that only on crypto.com I can transfer USDC to my VISA CC?

Or can I transfer USDC into a VISA CC at any exchange that accepts VISA CC's? I have my CC connected to Coinbase.

 

[The_Ogre]

I do have a VISA credit card. After reading that article am I right in saying that only on crypto.com I can transfer USDC to my VISA CC?

Or can I transfer USDC into a VISA CC at any exchange that accepts VISA CC's? I have my CC connected to Coinbase.

The way I understand it you send it from any exchange to your VISA wallet, which will then reflect on your card.

 

[Speedster]

I do have a VISA credit card. After reading that article am I right in saying that only on crypto.com I can transfer USDC to my VISA CC?

Or can I transfer USDC into a VISA CC at any exchange that accepts VISA CC's? I have my CC connected to Coinbase.

While this looks promising, I'd make sure about the fees first. It could potentially be very costly.

 

[Snyper564]

While this looks promising, I'd make sure about the fees first. It could potentially be very costly.

And an absolute tax nightmare... Everytime you swipe that card you trigger a taxable event