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ATO to monitor Bit-coin growth

ATO to monitor Bit-coin growth

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Published by ABC News Online
Australian Tax Office to monitor Bit-coin growth.
Australian Tax Office to monitor Bit-coin growth.

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Published by: ABC News Online on Jun 10, 2014
Copyright:Traditional Copyright: All rights reserved

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06/10/2014

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UNCLASSIFIED
INVESTORS AND BUSINESSES THAT TRADE USING THE DIGITAL CURRENCY BIT-COIN ARE ON NOTICE AS THE AUSTRALIAN TAXATION OFFICE PLANS TO
UNCLASSIFIED
PAGE 2 OF 2
Bit-coins along with other alternative payment systems and will provide further advice to taxpayers before June 30. "The ATO is working on a holistic understanding of the taxation treatment of Bit-coin to be in a position to provide certainty for the Australian community," he said.

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