Taxes · AUS
Taxes in Australia
The ATO treats cryptocurrency as a CGT asset, not currency. Individuals pay capital gains tax on disposal at their marginal rate, with a 50% discount for assets held over 12 months. Income from mining, staking, and airdrops is taxable as ordinary income when received. Australia has no specific crypto tax threshold, so all gains must be reported regardless of amount.
Income tax
Mining rewards and staking income are assessable as ordinary income at marginal rates (up to 45% plus 2% Medicare levy) when received, based on AUD market value at time of receipt. Subsequent disposal may also trigger CGT.
VAT / GST
Exempt. Since 2017, acquiring cryptocurrency is not subject to GST. Selling or exchanging crypto is also not a taxable supply for GST purposes for individual holders.
Capital gains
Crypto is a CGT asset. Gains on disposal are included in assessable income at marginal income tax rates (up to 45% plus 2% Medicare levy). A 50% CGT discount applies if the asset is held for 12 months or more by an individual.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap