ATO delays decision on Bitcoin tax status

ATO delays decision on Bitcoin tax status

By Hannah Francis

An Australian Tax Office spokeswoman said the department had delayed the decision as it was still chewing through "numerous" submissions from stakeholders and industry bodies. "To ensure our advice to the community is comprehensive and robust we have sought further advice from external legal counsel," the spokeswoman said. "These factors will delay the release of our final guidance paper on the taxation treatment of crypto-currencies.

Read more here: Business Spectator

    

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