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Author: Admin | 2025-04-28
Crypto Tax Australia: Here’s How Much You’ll Pay in 2025Wondering how much tax you’ll pay on crypto in Australia? This guide will cover everything you need to know! Whether you're looking to learn about Bitcoin tax or any other cryptocurrency, we’re covering crypto Capital Gains Tax, crypto Income Tax, and how much tax you’ll need to pay. Plus, we’ll share strategies that help you avoid paying too much tax. Finally, we’ll take you on a step-by-step walkthrough on how to file your crypto tax using myTax all ahead of the 31st of October deadline. Let’s go! 🚀For crypto investments in Australia, Capital Gains Tax applies. Report gains and losses in your Income Tax return and pay Income Tax on net gains. Hold for a year and receive a 50% discount. Declare crypto in your ATO tax return if you've sold, traded, or earned it in the past financial year.Calculate what you owe with a crypto tax calculator.This guide is regularly updatedYes, crypto is legal in Australia and is taxed as property. Crypto exchanges operating in Australia need to register with AUSTRAC as a financial service provider.Yes, the ATO can track crypto. If you have an account with an Australian cryptocurrency designated service provider (DSP), then it's likely that the ATO already has your data.The ATO has a data matching program with Australian exchanges.The ATO knows who has crypto transaction data from as far back as 2014.The ATO has the know-your-customer (KYC) information you provided when signing up for any Australian
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