Discover the crucial need for crypto enthusiasts and businesses to grasp the GST implications around cryptocurrencies/Web 3.

The ATO has recently released their guidance on Decentralised Finance and wrapping crypto. Illustrating the ATO’s intention of ensuring Australian tax payers are navigating this space correctly.

Choosing to incorporate an Australian company for your crypto affairs has a wide array of pros and cons.

The ATO has emphasised the importance of correctly reporting taxpayers’ cryptocurrency affairs come tax time and is evident in ensuring a clear regulatory environment for taxpayers to operate within.

Decentralized (DeFi) lending and borrowing involves using decentralized finance protocols and digital assets as an alternative to traditional methods of issuing and taking out loans.

Cryptocurrencies are constantly changing and expanding, which can create confusion regarding tax regulations. This article highlights the five major pitfalls that you should be aware of regarding crypto taxes in Australia. We will debunk some misconceptions and address essential factors related to this asset class.