RATE Group | ATO Expecting To Collect $3 Billion in Tax Fines From Australian Cryptocurrency Traders …
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ATO Expecting To Collect $3 Billion in Tax Fines From Australian Cryptocurrency Traders …

30 Sep ATO Expecting To Collect $3 Billion in Tax Fines From Australian Cryptocurrency Traders …

Posted at 21:29h in Cryptocurrency News by

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Australia Crypto Tax can help you calculate your capital gains in Australian dollars (AUD) from your cryptocurrency trades.

Write off your crypto losses!

Sydney, Australia, Sept. 30, 2019 (GLOBE NEWSWIRE) — As the Australian Taxation Office begins its crackdown on cryptocurrency trading, many everyday owners, traders, and investors in crypto could be at risk. Earlier this year the Australian Tax Office (ATO) announced that it will be allocating a billion dollars to track down and fine those who haven’t filed taxes on their crypto activity. With Bitcoin and other cryptocurrencies bouncing back this year, it’s likely many, perhaps you, will owe capital gains taxes.

The government announced that it will be partnering with both Australian…

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