The Australian Taxation Office (ATO) is sending a warning to all crypto holders in the country against failing to pay their taxes. It reminded the community that it has partnered with most digital currency exchanges, and it has all its trading data. Failure to pay the applicable taxes will attract penalties and possibly an audit. […]

Read full post The Australian Taxation Office warns crypto holders against tax evasions. on Chaintimes.com.

Australians were reminded by their top tax authority that their crypto and non-fungible token gains are also subject to corresponding taxes. This reminder was released by the Australian Tax Office (ATO) and also added that the crypto world’s anonymity is not an excuse for citizens to bypass their tax responsibilities. ATO also highlighted that gains […]

The post Australian crypto traders reminded to pay their taxes appeared first on BitcoinerX.

Privacy coins often get a boost when tax agencies crack down on crypto.

The Australian Tax Office (ATO) has urged crypto investors to report gains or losses made on cryptocurrency investments or face penalties.

The Australian tax officer urged the crypto and NFT investors to report their crypto activity in order to be tax compliant and will soon get a letter from the agency to do so, as we can see more in our latest crypto news today. The Australian tax office expects to prompt up to 300,000 crypto […]

The taxation of cryptocurrencies is a contentious issue at the moment. Regulators worldwide have taken a serious interest, particularly because certain investors are generating enormous profits from the crypto market, some of which are not recorded on tax returns. Australia’s tax authorities are the latest to act in this direction, warning would-be cryptocurrency and NFTRead More

Cryptocurrency holders who think they can dodge their tax obligations will soon get a letter from the Australian tax agency.

The ATO said it already knows who is invested in cryptocurrencies and expects cooperation.

Tax authorities in Australia are now after crypto investors following a major crypto rally ahead this year. In the latest development, the Australian Tax Office has urged investors to report their crypto profits or else face legal action on charges of tax evasion. Tim Loh, the assistant commissioner at the Australian Tax Office spoke to

The post Australian Tax Authorities Issue Warning to Crypto Investors To Disclose Profits or Face Legal Action appeared first on Coingape.

The Australian Tax Office (ATO) put out a statement addressing the country's 600,000 crypto users to pay taxes on their gains during the next tax period.

The post Australia Pressures 600,000 Crypto Users to Pay Their Taxes appeared first on BeInCrypto.

The Australian Tax Office (ATO) is starting to bust cryptocurrency tax dodgers after more than 600,000 Aussies invested in digital currencies recently. Talking to news.au.com, ATO’s assistant commissioner Tim Loh said that the federal tax office is ‘alarmed’ as many crypto investors have the false perspective that the anonymity in cryptocurrencies will help them bypass […]

Read full post The Australian Tax Office is tracking cryptocurrency transactions. on Chaintimes.com.

The agency is tracking transactions of money flowing towards cryptocurrencies.