Cryptocurrencies have made a significant impact in the investment markets. Crypto-assets, also known as cryptocurrencies, coins or tokens, are digital assets that do not have a physical form. With a total market capacity of $2.62T globally, cryptocurrencies have attracted a large volume of investors too. However, as governments are legalizing the trade of cryptocurrencies with some regulations, taxes on crypto trading are also applied. As per the Australian Taxation Office, cryptocurrencies are similar to assets, and therefore the investors and traders have to pay Capital Gains Tax on the profit earned.
Palladium Financial Group assists you with Crypto Taxes with our team of the best Crypto Tax Accountant in Perth. Taxes on Crypto trading are somewhat similar to Capital Gains tax and depend upon your level of trading and portfolio value. Our team will consider all the obligations and provide you with substantial savings on taxes. Get in touch with us to know more!
