Tax| 12 Sep 2022
Taxpayers will be provided with increased certainty around the tax treatment of digital currencies, following the Government’s release of draft legislation on 6 September 2022. We outline the proposed changes.
Tax| 24 Aug 2022
The Board of Taxation has released a Consultation Guide (August 2022) as part of its appointment in December 2021 to Review the Tax Treatment of Digital Assets and Transactions in Australia.
Tax| 23 Jun 2022
The Federal Government has announced plans to clarify that crypto assets will not be regarded as a foreign currency for tax purposes.
Tax| 25 Oct 2021
The recommendations of the Final Report from the Select Committee on Australia as a Technology and Financial Centre attempt to address a number of cryptocurrency- and blockchain-related taxation issues that have been on the Commissioner of Taxation's radar for the ...
Tax & Superannuation| 23 Jun 2020
Deputy President Bernard J McCabe of the Administrative Appeals Tribunal has confirmed that bitcoin is not foreign currency for the purposes of Division 775 of the Income Tax Assessment Act 1997 (1997 Act). This decision affirms the views that we, and others, have ...