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Some Thoughts On The ATO’s Bitcoin Guidance

Earlier today the Australian Taxation Office (ATO) released its much anticipated guidance on the taxation treatment of bitcoin [https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/] . Along with the guidance paper they released a slew of draft rulings. In their media release [https://www.ato.gov.au/Media-centre/Media-releases/ATO-delivers-guidance-on-Bitcoin/

Some Thoughts On The ATO’s Bitcoin Guidance
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Bitlicense Provides A Reality Check For Start-ups

If you’ve been paying attention to bitcoin news over the last few weeks, you would have heard about the release of the draft New York ‘bitLicense’ regulations. These proposed regulations have been met with a great deal of animosity from some portions of the bitcoin community, with many feeling

Bitlicense Provides A Reality Check For Start-ups
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ATO Delays Position On Bitcoin – But Does Offer Some Guidance Via Private Binding Ruling

-------------------------------------------------------------------------------- This article does not constitute legal, accounting or tax advice. Any tax-related opinions in any part of this article are not tax advice, and were not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties or for promoting,

ATO Delays Position On Bitcoin – But Does Offer Some Guidance Via Private Binding Ruling