Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation. In its budget summary for 2017-18, the government states that as part of its plan to “make it easier” for digital currency businesses to operate in the country. It will ensure that nowhere in the supply chain is general sales tax (GST) paid more than once. “The Government will make it easier for new innovative digital currency businesses to operate in Australia,” the summary reads.
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