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You may trade digital currency or use digital currency as payment in your GST-registered enterprise. For common terms, see our Crypto assets. The guidance confirms that DCEs in Australia must report and pay GST on the taxable supplies they make when facilitating trades of crypto assets. ssl.icop2023.org � gst � in-detail � your-industry � gst-and-crypto-assets.

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The guidance outlines that if you trade digital currency in exchange for money or other digital currency with an Australian resident, the 'supply' of digital currency will be an input-taxed financial supply and therefore you don't have to pay GST. UK High Court to determine who is Wright. Therefore those sales could be GST-free? The sale of your cryptocurrency is GST-free , when sold to a non-resident. Our apologies for any inconvenience.