The Tax Office To Treat Bitcoins Like Barter Transactions

Bitcoin use and tax implications The Tax Office (ATO) recently delivered guidance on the taxation treatment of bitcoin. Under the guidance paper and rulings, bitcoin transactions are treated like barter transactions with similar taxation consequences. Bitcoin use by individuals Generally, there will be no income tax or GST implications for individuals if they are not in business …

The Tax Office To Treat Bitcoins Like Barter Transactions Read More »