Australia's tax office seeks personal data and transaction details from 1.2 million crypto accounts for tax compliance.
Australia's tax office seeks personal data and transaction details from 1.2 million crypto accounts as part of a tax crackdown on users potentially failing to pay taxes amid growing digital token interest. The Australian Taxation Office aims to identify traders who have not reported crypto asset transactions, such as when they sell for cash and use proceeds for goods and services. The crypto industry's complexity can lead to a lack of awareness of tax obligations.
May 07, 2024
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