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Title: [2014-08-21] Bitcoins to be taxed like shares Post by: cescan on August 21, 2014, 04:20:38 AM http://www.theaustralian.com.au/technology/bitcoins-to-be-taxed-like-shares-ato/story-e6frgakx-1227030806508?nk=e92c59694a845f3df29ef6acf8989649
Workers receiving bitcoins as part of their remuneration could be subject to fringe benefit tax. Businesses have to record the value of bitcoin transactions as a part of their ordinary income. GST on the supply and receipt of bitcoins is also applicable. |