Australian Bitcoin Exchange Claims Exemption from 10% Government Tax
Australian exchange Coin Loft has received an official ruling exempting it from having to charge Goods and Services Tax (GST) on local bitcoin sales, according to the company.
The exchange claims the private ruling from the Australian Taxation Office (ATO) means that it need not apply the GST to its bitcoin exchange price. As a result, the firm ceased charging the tax on 26th January and says it is the first Australia-based exchange to do so.
http://www.coindesk.com/australian-bitcoin-exchange-claims-exemption-10-government-tax/
Topic: [2015-02-04] CD: Australian Bitcoin Exchange Claims Exemption from 10% Gov Tax (Read 937 times)
February 04, 2015, 02:23:20 AM
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