Australia Closes Consultation on Crypto Tax Reporting Rules
- —Consultation ran from 15 to 28 October; no submissions were published on Treasury's hub
- —The bill implements the OECD CARF plus a separate domestic reporting regime
- —Domestic regime targets quarterly reporting from 1 July 2027, subject to an ATO instrument
- —Piper Alderman: many providers will face both regimes, with smaller firms under most pressure
Why it matters: Platforms face overlapping reporting duties while key deadlines and penalties remain undefined, adding compliance uncertainty ahead of the 2027 start.
Source: Crypto News Australia