Australians Crypto Investors Are Set To Receive A Reminder To Report All Crypto Profits

Australian tax watchdog started contacting 350,000 Australians crypto investors through mail and email to remind them of the tax obligation. Citing an anonymous representative Australian Taxation Office told that people who sold cryptocurrency during the 2017/18 financial year may be asked to review their tax returns. Those who fail to correct any established discrepancies can be audited and risk penalties.

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