New airdrop tax guidance in AustraliaNew airdrop tax guidance in Australia

The ATO has recently updated its website guidance on Airdrops in a positive way for Australian taxpayers. The previous guidance was that an airdrop of an ‘established token’ is taxable, with no further information on the definition of an ‘established token’. Equally, there was no guidance on how a ‘non-established token’ airdrop would be{...}

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