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cryptonews 2023-11-24 15:55:13

DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules

The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency has failed to clarify key aspects of these rules, however, leaving Australian crypto The post DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules appeared first on Cryptonews .

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