The Australian Taxation Office: bitcoin is not currently taxed

The Australian Taxation Office: bitcoin is not currently taxed

The Australian Taxation Office decided to delay the tax bitcoin, which pleases some individuals but creates uncertainty for enterprises and investors.

    From this year Two The beginning of the month, the Australian taxation office began to levy a tax on this year’s tax return bit currency, but tomorrow is the day of the tax declaration. ABC Reported that the Australian Taxation Office spokesman said, the reason for the delay of the bitcoin tax is because they received a lot of advice, and to ensure the legitimacy of the procedures, he said, “in order to ensure our advice to the community is comprehensive and robust, we must seek more legal advice.”

The report pointed out that accept bitcoin companies, traders and investors are now the situation is “they don’t know in suspense, the next few years is not to face back tax.

Australia bitcoin Association (BAA) said that although they are very disappointed, but not for the Australian Taxation Office set a happy conclusion hastily.

Tax lawyer Reuben Bramanathan said he agreed with the Australian taxation office practices, as compared to the hurried decision, more important is the overall consideration of bitcoin future developments in australia.

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