Australia has released a draft bill to adopt the OECD's Crypto Asset Reporting Framework (CARF) for taxing digital assets.
Source
"Australia Unveils Draft Bill to Implement Crypto Tax Reporting Framework" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The move aligns with the country's commitment to the global initiative, joining 76 other jurisdictions that have pledged to implement the framework.
CARF will enable the exchange of tax information on cryptocurrencies between countries, with the first international exchange expected in 2028.