Australian tax office opens consultation of digital currencies

Source: Australian Taxation Office

We have launched a community consultation to help us understand practical issues experienced when complying with cryptocurrency tax obligations.

We have previously published cryptocurrency advice but increased interest has resulted in queries from the community about how to approach specific tax events.

We’ve timed this consultation to coincide with an update to our website, which should address some of the feedback we have received to date about our cryptocurrency guidance.

We’re eager to hear your feedback about cryptocurrency and its tax implications as the technology may impact how business operates in the future.

The deadline for submissions is 20 April.

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