NFTs

Australian Tax Law is complicated, it changes every day. It changes through legislation, taxation rulings, court cases, and then there’s The Commissioner of Taxation Powers. Let’s face it the Australian tax system is greedy, the ATO want your money, and for good cause. Our taxes go towards, our health system, our roads, our education, our poor, and many more public services. So it should come as no surprise that Treasury decided to tax the income you make for your Non Fungible Tokens NFTs. So, let’s have a look at NFTs and tax!