Australian Tax Office Preparing Bitcoin Tax Guidance

Australian Tax Office Preparing Bitcoin Tax Guidance

The Australian Tax Office (ATO) is poised to prepare tax guidance for users of bitcoin and other digital currencies, reports indicate. Officials at the tax authority have made the decision to meet with what has been described as "key figures" in the bitcoin/crypto industry in Sydney on Tuesday. Those key figures include bitcoin-related business operations and tax experts who will assist in the release of a draft discussion paper as soon as next week. Officials at the ATO are reportedly looking to gather more information on how bitcoin transactions, investments, and income should be....


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