cryptocurrency

Cryptocurrency tax treatment

Cryptocurrency And Taxes | What You Need To Know

Crytocurrency tax treatment and compliance Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of. It’s been more than 10-years since the advent of bitcoin and the term “cryptocurrency” entered the public consciousness. However, neither bitcoin nor the many thousands of cryptocurrencies that have …

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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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