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Australian Tax Office Urges NFT Investors To Report Activity

The Australian tax officer urged the crypto and NFT investors to report their crypto activity in order to be tax compliant and will soon get a letter from the agency to do so, as we can see more in our latest crypto news today. The Australian tax office expects to prompt up to 300,000 crypto investors to report the capital gains and the agency warned that crypto and NFT investors are still subject to normal capital gain taxes. The office also warned that most investors are in for a surprise if they don’t report their gains or believe that they…

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