Australia: Treasury Laws Amendment Bill 2022: Taxation treatment of digital currency
Progress
Current status
processing consultation
30 Sep 2022 processing consultation
06 Sep 2022 in consultation
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
central government
Implementation Level
national
Timeline of events
Consultation closed on draft legislation clarifying that cryptocurrencies are not taxed as foreign currency
On 30 September 2022, the Australian Treasury closed the public consultation on the exposure draft Treasury Laws Amendment Bill 2022, which clarifies the treatment of cryptocurrencies. The Bill specifies that crypto-assets are not considered foreign…
SourceEvent type
law
Action type
consultation closed
Government branch
executive
Government body
central government
Consultation opened on draft legislation clarifying that cryptocurrencies are not taxed as foreign currency
On 6 September 2022, the Australian Treasury published and opened a consultation on an exposure draft of its proposed amendments to taxation rules that will clarify that crypto-assets are not considered foreign currency for tax purposes. However, th…
SourceEvent type
law
Action type
consultation opened
Government branch
executive
Government body
central government