Nicola
Sun Jun 09 2024
|
7 answers
1856
Does Australia tax on crypto?｜. In crypto investors' ideal world, taxes wouldn't apply to digital currency; however, as the federal government considers your crypto s to be assets, they fall under the Capital Gains Tax (CGT) umbrella.Yes, you must pay tax on your crypto if you hold it as an
Does Australia levy taxes on cryptocurrencies? While crypto investors might dream of a tax-free realm for digital currencies, reality is quite different. Given that the Australian federal government views cryptocurrencies as assets, they are indeed subject to the Capital Gains Tax (CGT). So, the question remains: am I obligated to pay taxes on my cryptocurrency holdings?
