COVID-19 update: Check out our answers to common questions about JobKeeper payment and early release of super.

ATO Community

Taxation of ICOs in Australia

This post is archived and may not be up-to-date.


Devotee Registered Tax Practitioner

Views 482

Replies 0

I'm curious how the ATO would tax funds recieved by a company that has undertaken an initial coin offering? 


As this is effectively a form of capital raising I'm interested to know how such an activity would be taxed. The complexity I see here is due to market volatility, a company would effectively raise $500 million dollars. If that was held in Ethereum or Bitcoin for example and the price retracted 50%. Their raised capital/funds are effectively now $250million.