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Author Topic: [2018-03-27] Australia Seeks Public Feedback On Taxing Cryptocurrency  (Read 15 times)
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March 27, 2018, 08:44:06 PM

Australia’s Tax Office Seeks Public Feedback On Taxing Cryptocurrency

The Australian Taxation Office (ATO) posted a bulletin yesterday, March 26, asking for the public’s input on cryptocurrencies, specifically in regards to tax obligations.

The tax regulator notes in yesterday’s bulletin that while they have asked for advice on crypto in the past, a growing interest in the specifics of taxing crypto prompted this additional query:

“We’ve timed this consultation to coincide with an update to our website, which should address some of the feedback we have received to date about our cryptocurrency guidance.

We’re eager to hear your feedback about cryptocurrency and its tax implications as the technology may impact how business operates in the future.”

Australia adapted crypto currencies and thus planning to imply tax on crypto currencies?

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