Australia’s taxman is clamping down on cryptocurrency traders

2019-4-30 13:34

Australia is clamping down on the taxation of cryptocurrencies. The country’s tax office is collecting bulk records from Australian cryptocurrency service providers as part of a data matching scheme to make sure traders are paying the correct amount of tax.

Data matching is an administrative and law enforcement tool whereby information from a variety of third-party sources is compiled electronically, validated, and analyzed to enable people to do things such as pre-filing their tax returns. In its statement, the Australian Tax Office (ATO) says it is estimated that 500,000 to 1,000,000 Australians have invested in crypto-assets. “The ATO uses third party…

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Источник: thenextweb.com

tax australian → Результатов: 24

Australia Chases Crypto Investors for Every Tax Dollar Owed in Shakedown

By CCN. com: It will now be harder for Australians to under-declare or over-declare the taxes they owe on their crypto holdings or transactions. This follows an announcement by the Australian Taxation Office (ATO) that it will collect bulk records from cryptocurrency businesses in the country.

2019-4-30 12:37	tax
tax australian cryptocurrency crypto records bulk ato

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Australian Tax Regulator Warns Against Tax Payment Scams Involving Bitcoin ATMs

As tax payment draws near, the Australian Taxation Office is warning taxpayers against imminent tax scams involving the use of Bitcoin ATMs. Details of the Warning According to an article published by the Australian Taxation Office (ATO) on its homepage, Australian taxpayers are warned to be on the alert for possible tax scams.

2018-11-16 15:38
tax australian scams atms against bitcoin payment

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KPMG launches Bitcoin tax estimator for Australian hodlers

In some countries you are liable for capital gains tax on any profits you make on your cryptocurrency hodlings. Calculating how much you owe can be confusing, but it just got a bit easier for Australian cryptocurrencers.

2018-11-15 12:45	hard fork
australian tax cryptocurrency kpmg could much tool

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Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority.

2018-11-15 07:35	Visa
bitcoin payment method scam atms most common

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Australian bitcoin exchange Independent Reserve rolls out Crypto Tax Estimator by KPMG

CryptoNinjas KPMG Australia and Independent Reserve, the largest Australian cryptocurrency exchange, today announced the launch of a new tool to help the traders of cryptocurrencies better understand their tax liabilities.

2018-11-15 02:32
tax australian estimator crypto kpmg exchange independent

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Bitcoin beats iTunes vouchers as preferred payment for Australian scammers

In what could be one of the strangest milestones in cryptocurrency history, Bitcoin is now the preferred payment method of Australian tax scammers, surpassing iTunes vouchers for the first time.

2018-11-14 13:02	hard fork
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$50,000 Lost to Bitcoin ATM Scam in Australia

Scammers conned $50,000 out of regular Australians using a blatantly obvious fake tax debt fraud. Multiple victims have been lured into paying off non-existent debt through Bitcoin ATMs. A Time-Tested Scam Scammers have managed to con upwards of $50,000 from Australian citizens, luring them in to pay off a non-existent debt in a classic fraud.

2018-10-6 08:00
scammers debt scam bitcoin australia victims off

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Thieves use Bitcoin ATMs to scam Australian immigrants out of $50,000

Being in a new country can be confusing and scary at times. Australian crooks are taking advantage of this and are using Bitcoin ATMs to scam newly-arrived migrants out of their life savings. It seems the crooks managed to scam more than $35,000 USD ($50,000 AUD) out of four Australian immigrants by telling them they needed to pay a tax debt.

2018-10-5 15:11	hard fork
bitcoin out scam australian told crooks victims

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Australian Tax Office focuses on digital asset tax, regulatory green light?

Recently, the Australia Tax Office [ATO] has moved its attention to the taxes applicable in the digital assets space. As a result, it will extend its tax obligations on crypto holders as well. The authority has decided to catch the tax non-payers via its latest techniques in data matching. ATO also plans to seek support from […]

2018-7-14 00:12	News
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Australia to Fight Crypto Tax Avoidance with Bilateral Data Sharing

Australian Tax Authority will use bilateral data sharing agreements to collect taxes on cryptocurrency income.

2018-7-9 19:37	News
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Using International Data Agreements, Crypto Traders to be Targeted by ATO

Regulation Australia’s financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders.

2018-7-9 05:11	Virtual Currency
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ATO to Target Crypto Traders Using International Data Agreements

Australia’s financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders.

2018-7-9 04:15
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New Super Group To Spearhead International Tax Enforcement Campaign

It is pretty rare to see countries come together to work on a new policy in a uniform manner. Unless of course their objectives are financial, then it seems everyone is happy to work with anyone in pursuit of financial gain.

2018-7-4 06:30	Breaking News
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International Coalition Set to Tackle Cryptocurrency Tax Crime

In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release.

2018-7-4 23:36	Law & justice
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Important Reminder For Australian Crypto Investors

The Australian tax year is about to draw to a close, you know what this means? Crypto-tax returns. A few months ago, we saw a similar situation in the US that in turn encouraged the crush of the markets.

2018-6-22 13:00	Cryptocoins
crypto tax australian people investors important reminder

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Why Australia Wants Some Of Your Bitcoin Gains

Australia is moving towards requesting all cryptocurrency exchanges to report to the Australia Taxation Office, in order for them to collect Capital Gains Tax on all cryptocurrency gains, which essentially means that they will be classified as assets.

2018-6-20 12:00	Breaking News
gains australia tax cryptocurrency taxation why australian

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Australia Wants a Piece of Your Profits-Got Bitcoin Mate

Cryptocurrency = Asset Liz Russel, a senior tax agent at a private Australia online tax return service, shared some insights on the way theATO will be treating cryptocurrency gains and what people should expect.

2018-6-19 16:26	trading
cryptocurrency tax australia just majority like expect

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The Australian Tax Office Wants A Share Of Your Profits From Crypto Trade

The Australian Tax Office (ATO) is making it known to every crypto trader that transactions involving converting cryptocurrencies into fiat currency are under its microscope. If you make such a transaction, ATO wants you to pay your tax dues.

2018-6-18 20:37	Taxes
tax your crypto office wants australian cryptocurrencies

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2019-4-30 13:34

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