Add your banner 728x90 on Top for 3, 7, 15, 30 days advertising...

Talk-HYIP Buttons

Go Back   Money Making Forum - HYIP Listings > Other Ways to Make/Save Money > General Investment Forum & News
User Name

Thread Tools Display Modes
Old 09-21-2015, 10:08 AM
edward222's Avatar
edward222 edward222 is offline
Amateur Investor
Join Date: Jun 2015
Location: I'm right behind you.
Posts: 43
Default Bitcoin Set To Be A ‘Global Currency’ In Australia

Credit to: Tax News : Bitcoin Set To Be A ‘Global Currency’ In Australia

A new inquiry from the Australian government is looking to change current tax codes for Bitcoin in Australia. The initiative seeks to establish similar progressive standards in nations like the UK, Canada and Singapore, where Bitcoin is considered money.

Over the past year, bitcoin has become an increasingly popular commodity in Australia.

It is attracting business to the nation, and bitcoin ownership in Australia is among the world’s highest per capita, with 7 percent of the world’s bitcoin circulation running through the nation.

However, recently a new regulation, the Goods and Service Tax (GST) was levied on Bitcoin transactions, by Australia’s Taxation Office. The new law labeled Bitcoin an “intangible asset” causing a double-taxation effect for Bitcoin businesses.
This maybe hard for bitcoin users in Australia.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT. The time now is 12:07 PM.

Contact Us - Home - Archive - Top

Powered by vBulletin & Talk-HYIP
2000 - 2019
All posts on are the opinions of the individual posters and not necessarily those of or it's owner. does not support or endorse any programs and/or opportunities discussed here, & we do not give investment advice. We also do not research the opportunities discussed here. We simply provide a place for discussion.