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Tax returns: How the ATO will target cryptocurrency investors – NEWS.com.au
Tax returns: How the ATO will target cryptocurrency investors
More than 600,000 Aussies have invested in cryptocurrency recently, according to the ATO, which is concerned about people are trying to dodge declaring their assets.It wants to smash the myth that many taxpayers believe that their cryptocurrency gains are tax free or only taxable when the holdings are cashed back into Australian dollars.
Trading in cryptos like bitcoin, dogecoin and ethereum has surged in popularity in recent years.
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