Australia: Tax Treatment of Digital Assets and Transactions
Progress
Scope
Timeline of events
Consultation closed for taxation on digital assets and transactions
On 30 September 2022, the Taxation Board's consultation regarding the taxation of digital assets and transactions was closed. The consultation process started on 17 August 2022. The Government published a consultation guide that includes an overview…
SourceConsultation opened for taxation on digital assets and transactions
On 17 August 2022, the Australian Government published its consultation guide regarding the taxation of digital assets and transactions. The consultation process will last until 30 September 2022. The consultation guide includes an overview of the c…
SourceGovernment announces Terms of Reference for review of taxation of digital transactions and assets
On 21 March 2022, the Australian Government published the Terms of Reference for the review that is to be undertaken by the Board of Taxation to assess the regulatory situation regarding the taxation of digital assets and transactions. The Terms of …
SourceTreasury announces review into taxation of digital transactions and assets
On 8 December 2021, the Treasurer of Australia announced plans for a review to be undertaken by the Board of Taxation to assess the regulatory situation regarding the taxation of digital assets and transactions. Furthermore, the Board will be requir…
Source