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Australian Tax Office to Prompt 400000 Crypto Holders to Report Their Gains – Taxes Bitcoin News – Bitcoin News
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations.
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions.
Tax Office Targets Australians With Crypto-Related Obligations
Concerned about crypto investors evading taxes, the Australian Taxation Office (ATO)…
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