Tagged: australian tax office

Australian Tax Authority Will Compel Crypto Trading Platforms to Hand Over Users Records- Accurate Reporting Advised

Australia 100 Dollars Money

The Australian Taxation Office (ATO) has announced it is collecting, “bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax.” Data pertaining to the sale and… Read More

Joint Chiefs of Global Tax Enforcement (J5) to Fight Against International Tax Crime and Money Laundering Including Cryptocurrency

Handcuffs Busted Arrested

The Joint Chiefs of Global Tax Enforcement, or the “J5”, is a group of nations dedicated to fighting against tax crime and money laundering. Participants in the J5 include the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA),… Read More

The Australian Tax Office Creates Taskforce on Tax Issues Regarding Cryptocurrencies, FinTech Australia Responds

Danielle Szetho 1

In December, the Australian Tax Office (ATO) posted an explanation of tax treatment regarding Bitcoin and other cryptocurrencies. In response to recent media reports that ATO has set up a new taskforce to examine tax issues around cryptocurrencies, FinTech Australia has posted a response. Danielle Szetho, FinTech… Read More

Taxi App Ingogo Sets Records On The Australian (Crowdfunding) Racetrack: Update

ingogo logo 2

Valuation Placed at $100 Million. You might not expect a taxi to win on the racetrack, but Australian taxi app Ingogo is setting records for making the (funding) rounds. The company, launched in 2011, just announced that it closed A$12 million in a new funding round through… Read More

Australian Tax Office Wants to Hit Crowdfunding Campaigns with GST

Australia Tackling Tax Evation ATO

The Australian Tax Office (ATO) has told the Aussie parliament that rewards based crowdfunding campaigns, like those listed on Pozible, Kickstarter and Indiegogo, may be required to pony up taxes on rewards purchased by campaign backers.  This is a question that has surfaced not only… Read More

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