Australia Publishes Draft Bill for OECD Crypto Tax Reporting Rules
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Australia has released draft legislation to adopt the OECD’s crypto tax reporting framework, with its first international data exchanges expected in 2028.
Australia has published a draft bill to implement the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, known as CARF.
The country is one of 77 jurisdictions that have pledged to adopt the framework, which provides for international sharing of crypto-related tax information.
Australia’s first cross-border exchanges of crypto tax data are expected in 2028. The proposed legislation remains at the draft stage.
Source: Cointelegraph
