Business
ATO singles out 600,000 Australians with a stern warning ahead of tax time – 7NEWS.com.au
The Australian Tax Office says that it is alarmed by some taxpayers who think they can ‘ignore their obligations’.
Cryptocurrency traders who think theyre living in a faceless high-tech world will soon get a letter from the tax office.
Australian Taxation Office data has captured a dramatic increase in trading since the beginning of 2020.
More than 600,000 taxpayers are now dabbling in crypto-assets, the ATO has found.
Taxpayers with crypto will be slugged with penalties and audits if gains are not declared at tax time.
We are alarmed some taxpayers think the anonymity of cryptocurrencies provides a licence…
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