YahooFinance picked up this news story by Oliver Knight in coindesk.com and reports that "the Australian Taxation Office (ATO) has published a warning to cryptocurrency investors, reminding them that capital gains and losses must be reported every time a digital asset, which includes non-fungible tokens (NFT), is sold.
Highlights:
In light of the recent downturn in the crypto market, ATO Assistant Commissioner Tim Loh said that "crypto losses can't be offset" against an investor's salary or wages.
Crypto is a popular type of asset, and we expect to see more capital gains or capital losses reported in tax returns this year.
Australian citizens are not required to pay tax when purchasing cryptocurrencies, as long as the purchase is made with fiat currencies.
Investors can get a 50% reduction in capital gains tax if they hold on to an asset for one year or more after purchase.
Source credit and full story - https://finance.yahoo.com/news/australian-tax-office-warns-crypto-110020296.html
Tamil Genocide Rememberance Day - #Mullivaikal - #May18
@naam-tamilar/mullivaikal-may-18-the-genocide-of-sri-lankan-tamils-by-the-sri-lankan-government
Sri Lanka's Killing Fields (Part 1/4) - How UN and International Community Failed and abandoned Sri Lankan Tamils in 2009:
Link to Full movie - Channel 4's Sri Lanka's Killing Fields:
