Australia: ATO guidance on tax treatment of cryptoassets
Progress
Current status
adopted
12 Jul 2022 adopted
Scope
Implementers
Australia
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
ATO issues tax guideline for crypto-assets
On 12 July 2022, the Australian Taxation Office (ATO) issued a guideline to assist Australian citizens in declaring their capital gains or losses from cryptocurrency transactions. The ATO considers crypto an asset for capital gains tax (CGT) purpose…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body