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Australian Tax Office Warns Investors to Report Crypto Gains and Losses – CoinDesk – CoinDesk
The ATO will inform around 100,000 taxpayers holding crypto to review their previous years’ returns and ensure they’re correct.
The Australian Taxation Office (ATO) is once again on the lookout for cryptocurrency tax dodgers.
As reported by news.com.au on Friday, the ATOs assistant commissioner, Tim Loh, said his office was “alarmed” certain taxpayers thought the anonymity of cryptocurrencies meant they could ignore tax obligations.
The ATO, the governmental agency that oversees the country’s federal tax collection, will inform around 100,000 taxpayers holding cryptocurrency to review their previously lodged returns and…
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