ATO Updates

The ATO collects records from DSPs as part of the new data-matching program

ATO’s New Cryptocurrency Data Matching [For Tax Compliance]

ATO receives cryptocurrency data The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax. Participation of crypto-assets has seen significant growth in recent years. It is estimated that 500,000 …

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