Australia’s Crypto Tax Reporting Consultation Closes

Treasury’s consultation on draft laws making crypto platforms report Australian customers’ trades to the tax office closed on Wednesday, with much of the detail still undecided. The bill would bring the OECD’s Crypto-Asset Reporting Framework (CARF) into Australian law and add a separate domestic reporting regime. It was released as draft laws for comment on 15 October, and no submissions had been published on Treasury’s consultation hub by Thursday. The Australian Taxation Office (ATO) states on its legislation page that the measure is not yet law.

Source: Crypto News Australia