Cryptocurrency ATO Data matching program
Posted by Northadvisory on May 6, 2019
The Commissioner has given notice that it will collect data from cryptocurrency designated service providers, under notice, to identify individuals or businesses who have or may be engaged in buying, selling or transferring cryptocurrency during the 2014/15 to 2019/20 financial years.
The purpose of this data matching program is to ensure that taxpayers are correctly meeting their taxation and superannuation obligations in relation to cryptocurrency transactions and ownership. These obligations may include registration, lodgment, reporting and payment responsibilities.
Please contact this office if you have any questions in respect of cryptocurrency. Read more Financial Industry articles.
Martin van der Saag
T: 02 9984 7774