The ATO has set out clear guidelines on how crypto buying, selling and mining is taxed. If you’ve bought or sold cryptocurrency in the last financial year, you will need to declare your crypto totals on your income tax return.
Tax deadline
The Australian tax year runs from July 1 - June 30 the following year. If you are lodging your own tax return for July 1, 2020 – June 30, 2021, it needs to be filed by October 31, 2021. Lodging through an accountant? You have until March 31 2022 to file.