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Australia’s revamped data program to ‘catch out’ crypto tax cheats
28.6.2024
The Australian Tax Office is collecting over a decade of crypto transaction data, and tax dodgers could be busted if they don’t properly file this tax season
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
8.5.2024
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others...
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office
Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters
7.5.2024
The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
7.5.2024
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed.
The post Australia Tax Office Sets Sights On Crypto...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
French Crypto Traders Declared $442 Million Worth of Profits in Recent Tax Year – Here's the Latest
27.4.2023
French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body.
Per Le Figaro, the figure was “substantial,” but was “10 times lower than the estimates of the gains made in 2021.”
The body made its claim based on the number...
Norway Steps Into the Metaverse With Decentraland Tax Office
26.10.2022
The move is part of a greater effort to educate a younger audience about taxes related to DeFi and NFTs – starting with an office in the metaverse
P2E gamers, minors not any safer from the tax man, says Koinly
20.9.2022
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
18.5.2022
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...
Australian Tax Office Warns Crypto Investors on Capital Gains Obligations
16.5.2022
The Australian Taxation Office (ATO) has published a guideline that sets out warnings for crypto investors on tax obligations around digital assets and NFTs
Crypto capital gains one of four key areas for Australian Tax Office
16.5.2022
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh
Australian Tax Office says it can't rely on crypto users' own records
26.11.2021
“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner
Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
31.8.2021
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify...
Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
29.5.2021
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...
Australian tax office: Report crypto profits or else
28.5.2021
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation
Australian Crypto Exchanges Partner With Koinly to Simplify Tax Reporting for Users
29.7.2020
With tax reports for crypto transactions being complex and time-consuming to prepare, Koinly said its service automates the process in just minutes
Australian Tax Office to Warn Investors Over Crypto Misreporting
12.3.2020
The agency is set to issue warnings to hundreds of thousands of Asuralianin a clampdown on tax misreporting
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
12.3.2020
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts....
Australian Tax Office has sent out Warning letters to Investors who have invested 90% of Retirement Savings in Cryptocurrencies
18.8.2019
The ATO (Australian Tax Office) has sent cautioning letters to investors who have invested most of their retirement investment funds in cryptocurrencies. As per a local news agency, the Australian Tax Office has sent letters to caution approximately 18,000 SMSFs (Self Managed Super Funds) in...