Bitcoin Forum
July 30, 2024, 03:01:33 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-20] Australia's tax office announces it will not treat popular digital  (Read 656 times)
erono (OP)
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 20, 2014, 09:35:48 AM
 #1

http://www.abc.net.au/news/2014-08-20/bitcoin-will-not-be-taxed-as-money-ato-says/5683974

The Australian Taxation Office (ATO) will not treat Bitcoin transactions as money, fuelling fears the industry will be driven offshore or underground.

The ATO has released its anticipated guidance on crypto-currencies, saying Bitcoin or other digital currency payments will be taxed like a non-cash barter transaction.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!