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