The Australian Taxation Office (ATO) has said it will keep a close eye on those cashing out their Crypto earnings ahead of the country's financial year ending June 30. Adam Saville-Brown, managing director of crypto tax reporting software Koinly, said the ATO has been keeping a close eye on crypto in recent years and this year was no exception.
Michelle Legge, head of tax education at Koinly, said the ATO has revamped its crypto data matching process to collect data from 2014 to 2026 from all crypto exchanges operating legally in Australia, whether you use Binance, Bitcoin Base, CoinSpot or other websites.
The Australian Taxation Office has improved its data procedures to detect crypto-related tax evaders
2024-06-28 06:25:07
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