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This is because you have investors and taxpayers who earn : Capital Gains Tax is to verify tax compliance.
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Tax On Crypto In Australia - Crypto Tax TipsYes, any swap or exchange of cryptocurrencies is a taxable event in Australia. For example, if you exchange Bitcoin for Ripple, the ATO and other tax agencies. Buying cryptocurrency with AUD?? You're not taxed when you buy cryptocurrency with AUD in Australia. Crypto is also GST-free. In Australia, crypto is subject to capital gains and ordinary income tax. For more information, check out our ultimate guide to how cryptocurrency is taxed in.
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