Australian government coming for your Crypto gains

in bitcoin •  7 years ago  (edited)

The government will be looking out for people who have crypto gains, I would make sure if you have been trading on an Australian exchange that you pay your tax right. Worth seeing an accountant or you could be facing large fines.

More info:
https://cointelegraph.com/news/australian-tax-office-to-crack-down-on-crypto-tax-evaders

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There's some good info being put on the ATO community portal clatifying treatment of cryptocurrency. We actively seek clarification on cryptocurrency tax issues from them. Have a look at our page you'll see some great clarification around the personal use asset exemption