Author Topic: Australian tax office: Report crypto profits or else (Read 401 times)

sirty143 · « **on:** May 29, 2021, 03:21:18 PM »

The Australian Taxation Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), anticipating tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. The ATO wants to rid citizens of the myth that cryptocurrency profits are tax-free... See more for yourself here.

Your opinion is greatly appreciated.

Altcoins Talks - Cryptocurrency Forum · « **on:** May 29, 2021, 03:21:18 PM »

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Toshko · « **Reply #1 on:** May 29, 2021, 05:18:48 PM »

It is better to report crypto of course. When your assets grow it will be harder and more expensive to legalise them.

Richard_1 · « **Reply #2 on:** May 30, 2021, 09:45:12 AM »

Which state will refuse the opportunity to introduce additional tax levies from its citizens in order to fill the state budget? Australia is also no exception. And now a pleasant surprise for the Austalians, now they have to pay tax on cryptocurrency trading.

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Author Topic: Australian tax office: Report crypto profits or else (Read 401 times)

sirty143

Australian tax office: Report crypto profits or else

Altcoins Talks - Cryptocurrency Forum

Australian tax office: Report crypto profits or else

Toshko

Re: Australian tax office: Report crypto profits or else

Richard_1

Re: Australian tax office: Report crypto profits or else