Abdallah ElazabDec 18, 2021 · 3 years ago8 answers How does the capital gains tax in Australia apply to profits from trading digital currencies?
I would like to know how the capital gains tax in Australia is applied to profits made from trading digital currencies. Can you explain the specific tax regulations and requirements for individuals who engage in digital currency trading? What are the tax rates and how are they calculated? Are there any exemptions or deductions available for digital currency traders? How does the Australian Taxation Office (ATO) monitor and enforce compliance with these tax laws?