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This blog will provide a deep dive into how the Australian Taxation Office (ATO) currently views NFTs, recent updates to the regulatory framework, and how platforms like Kryptos can streamline the tax reporting process for NFT transactions.
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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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1/ Aussie Folks, Just 2 weeks left to report your #crypto taxes! ๐ฆ๐บ Nearly 50% of Aussie crypto holders donโt realize they must report their transactions to the ATO! ๐ฌ Read more to learn which transactions are considered Capital Gains Tax by the ATO. ๐งต....๐ #Web3Finance #Kryptos #FridayMotivation #FridayVibes #FridayFeeling
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โ ๏ธ QUICK ATTENTION REQUIRED US FOLKSโ ๏ธ Only 24 hours left to file your 2023 crypto taxes before the October 15th deadline! If you skip this, you could face penalties of up to 25% on what you owe. ๐ฌ The IRS isnโt forgiving when it comes to late filers, especially with interest compounding daily. Donโt wait until itโs too late! Use https://t.co/aiWKHsc8m9 to organise your crypto transactions and avoid costly mistakes. Last-minute stress is better than long-term fines! Anyone else racing against the clock? Letโs talk below! #BeAPioneer #KryptosUnveiled #Web3Finance #VictoryMonday #MondayVibes #MondayMood
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Did you know that the Ireland revenue service tracks your #crypto activity across the EU? ๐ฑ Many Irish investors overlook this, only to face hefty fines later. In fact, penalties for crypto tax evasion in Ireland can double your tax bill, with fines up to 100% of the tax evaded, plus daily interest of 0.0219%. ๐จ You can even face jail time! Donโt wait until itโs too late. With just a click of a button, Kryptos can track your crypto transactions from over 5000+ off- chain & On-chain platforms and automate your crypto tax reporting. keeping you compliant and penalty-free. ๐ช ๐ Start tracking now: https://t.co/VLS8qoulBp #BeAPioneer #KryptosUnveiled #Web3Finance #WorldMentalHealthDay #ThursdayMotivation
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