i have some usdt in my binance account, i planned to move to other country, do i need to pay tax for that amount of usdt i have ( im not a permanent resident in Australia)
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Hi @Nkvinh244,
Simply holding USDT in your Binance account doesn’t create an Australian tax obligation. Whether you need to pay Australian tax depends on:
- your Australian tax residency status, and
- whether you dispose of or use the USDT (for example, sell, swap, or spend it).
Have a read of our Working out your tax residency and what it means for you article for more info.
If you’re unsure whether you were an Australian tax resident before or at the time you dispose of the USDT, it’s best to check your residency before making transactions.
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