Australia sets July 2027 start for crypto transaction reporting to tax office
- —Reporting obligations for Australian residents' trades begin July 2027, first ATO reports targeted for 2028
- —Government expects AUD 170 million in additional tax across 2027-28 and 2028-29
- —Plan first outlined on December 17, 2025 in the MYEFO budget update
- —Rules remain announced policy, not yet enacted into law, per the ATO
Why it matters: Automatic data flows to the ATO and OECD-wide CARF sharing make moving assets to offshore exchanges a weaker way to avoid tax scrutiny.
Source: Crypto Briefing