Category: Cryptocurrency

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The ATO tightens the reigns on Crypto transactions as the data-matching program is locked in

As the ATO data matching program ramps up, Australians who have invested in cryptocurrency will no longer be able to conceal their transactions from the ATO to avoid paying tax.

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Cryptocurrency, Tax

ATO sheds light on crypto compliance focus

The Australian Tax Office has issued guidance on accurately accounting cryptocurrency transactions during tax time. It noted that it will be looking to make sure that all crypto capital gains are reported correctly.

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