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The Australian Tax Office has recently announced that all cryptos are now subject to goods and services tax (GST) in Australia. If you’re an Australian crypto trader, then it's imperative to keep track of your transactions and how they'll affect taxes. Why? Simply put: if you sold some Bitcoin abroad or made a purchase in Australia that wasn't with AUD, the ATO will want their share!
If you’re trading cryptocurrency in Australia, then there may be other tax considerations that you need to know about. Find more here!
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