Progress

Current status
under deliberation
25 Oct 2022 under deliberation

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

25 Oct 2022
under deliberation

Announced law clarifying taxation of digital currency as digital asset, not foreign currency, in Budget 2022-2023

On 25 October 2022, the Australian Government published its Budget Paper for 2022-2023, noting that it will introduce new legislation to clarify that digital currencies, such as Bitcoin, will continue to be excluded from the Australian income tax tr…

Source
Event type law
Action type announcement
Government branch executive
Government body central government

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