Lawyer: The risk of paying work in virtual currency instead of RMB is mainly due to the fact that the work is tax exempt.

2020-8-1 05:51
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As reported by China Business News on August 1, Zhang Feng, partner of the Wanshang Tianqin law firm, pointed out that the most common risks for employees are whether there is a legal risk of paying for work in cash. virtual instead of RMB. The fact that wages are not included in the application, taxes, the risk of some conversion from digital currency to fiat currency, can prevent financial transactions, conflicts of employment grievances and other conflicts interest may prevent recognition of employee income; There is a risk that it will be identified based on income. Zhang Feng said working in digital terms doesn't necessarily mean tax exemption. It usually depends on whether it is related to the salary income of the company financial information or to the tax return. However, Zhang Feng said working in numerical terms would make it harder to find and collect evidence.

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Researcher at Wuhan University: Using the company's blockchain products for inspiration is the right way to go.
According to China Business News on August 1, Tang Dajie, a researcher at the Center for Financial, Tax and Legal Studies at Wuhan University, believes that companies use physical (commodity) products or options based on human management. In order to encourage employees to improve with the business, it is recommended to use the company's blockchain products as inspiration, as it requires support and innovation to attract customers. As to whether there is a legal risk for payments in virtual currency instead of RMB, Tang Dajie said it depends first on the terms of the employment contract of the company and its employees, and whether the two components - the company's income and assets - matched. . That is, whether the employee can accept the company's products based on personal income or support. If the employee disagrees and the company requests payment for working with the company's products, this is considered a breach of contract and the employee can claim the salary income and the company tax can also claim personal income.
2020-8-1 05:51