{"id":61532,"date":"2022-05-16T16:24:16","date_gmt":"2022-05-16T13:24:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61532"},"modified":"2025-09-05T12:45:08","modified_gmt":"2025-09-05T09:45:08","slug":"australia-to-tighten-tax-collection-from-crypto-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/australia-to-tighten-tax-collection-from-crypto-investors\/","title":{"rendered":"Australia to tighten tax collection from crypto investors"},"content":{"rendered":"

The Australian Taxation Office (ATO) \u0432\u043a\u043b\u044e\u0447\u0438\u043b\u0430<\/a> cryptocurrencies and NFTs in its 2022 key priorities.<\/p>\n

\n

\u201cThe ATO is targeting problematic areas where we see people making mistakes,\u201d said Tim Loch, Assistant to the Chair.<\/p>\n<\/blockquote>\n

The agency noted that non-fungible tokens are considered property and are subject to capital gains tax, like other digital assets.<\/p>\n

\n

\u201c[\u2026] we expect to see more capital gains or losses in tax returns this year. [\u2026] Thanks to data-collection processes, we know that many Australians buy, sell or exchange digital coins and assets, so it is important that people understand what this means for their tax obligations,\u201d Loch noted.<\/p>\n<\/blockquote>\n

In 2019, an ATO representative reminded that exchanges pass to the tax authority all the data needed on taxpayers trading cryptocurrencies.<\/p>\n

Later the service announced to inform 100,000 residents<\/a> about the need to review income data from digital asset transactions for 2020.<\/p>\n

Back in late 2021, PureProfile analysts reported that the share of crypto investors in Australia rose from 18.4% to 28.8%<\/a>.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Australian Taxation Office (ATO) has included cryptocurrencies and NFTs in its 2022 priority list.<\/p>\n","protected":false},"author":1,"featured_media":61533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,558],"class_list":["post-61532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=61532"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61532\/revisions"}],"predecessor-version":[{"id":61534,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61532\/revisions\/61534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/61533"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=61532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=61532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=61532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}