Australia
The Australian crypto tax report calculator
ACCOINTING.com is the only cryptocurrency tax calculator that is fully compliant with ATO's crypto tax guidance.
How ACCOINTING.com simplifies your crypto tax filing
Automatically classify and calculate your crypto taxes
Whether you’re into DeFi staking, margin trading or mining and trading, the review tool allows you to easily classify all of your transactions for taxes, specifically for your country’s tax law.
Identify possible tax-saving opportunities
With the holding period tool, you can review which tokens you have held for more than 1 year and which tokens you have held for less than 1 year so you can optimize your taxable gains by trading those tokens that generate a bigger loss.
All relevant tax documents for Australian requirements:
Full audit report and a complete data set file with all your transactions separated for your personal income tax
Full tax report
We provide an entire breakdown of all your transactions in a consolidated report compliant with the Australian tax regulations
Full data set export (.csv)
We generate a file with all your transactions so you can easily review them in Excel or Google Sheets
Join our crypto tax advisor network for accountants, ACTAN, in Australia
Learn how ACCOINTING.com can help you with your taxes
How to use Accointing
Use our Step-by-Step Guide for clear instruction on how to get the most out or your ACCOINTING.com license
How crypto is taxed
Review our Australia 2021 Crypto Tax Guide to easily classify your transactions accordingly
How to file taxes in Australia
Choose your preferred tax method and try our How To File Your Crypto Taxes walkthrough for the Australia
ACCOINTING.com FAQ
Do I need to pay taxes on Bitcoin and other cryptocurrencies in Australia?
Yes. In March 2020, the Australian Taxation Office released 300,000 letters targeting Australian crypto holders advising them to pay their capital gains tax on their cryptocurrencies. There is an ongoing effort from ATO to pursue those crypto holders that have taxes to pay taxes.
How are cryptocurrencies taxed in Australia?
Selling cryptocurrencies is subject to Capital Gains Tax (CGT-tax, which is tax you pay on the difference between the Australian Dollar (AUD) value of the asset disposed at the time of the sale minus the AUD value of the disposed asset at the time it was acquired). Crypto to crypto trading is subject to CGT as well. Non-CGT events such as receiving crypto DeFi income, Airdrops, Staking are considered ordinary income.
How do you calculate crypto taxes in Australia?
ACCOINTING.com will take the cost basis of the moment you purchased your cryptocurrency and the time you sold it and estimate your capital gains tax based on the difference between the two amounts and the time the asset was held. For example, in Australia, profit earned from the sale of cryptocurrency attracts a 100% Capital Gains Tax in the first year, 50% in the years after that.
How does ACCOINTING.com help me with my crypto taxes in Australia?
ACCOINTING.com is a crypto tax calculator that created a specific tax report for Australians trading cryptocurrency. It allows you to keep track of all your transactions for free and generate as many reports as you need with our yearly licenses.