Australian Taxation Office to Focus on Capital Gains From Crypto Assets

Australian Taxation Office to Focus on Capital Gains From Crypto AssetsThe Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They Should […]

Go to Source

Powered by WPeMatico

Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

Slovenia Prepares to Impose 10% Tax on Spending and Selling CryptocurrencyThe tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration […]

Go to Source

Powered by WPeMatico

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their GainsAustralia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

Go to Source

Powered by WPeMatico

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto ProfitsAustralian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are […]

The post Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico