contact@ munaltax.com

9/2-10 Oatley Court, Belconnen, ACT, 2617

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Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880
Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880 Get Your First BAS 100% Free,   Free Software for 1st Year,   Small Business Bookkeeping from $3,300,   Company Tax Return from $880

contact@ munaltax.com

9/2-10 Oatley Court, Belconnen, ACT, 2617

Book Now
Book Now
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Simplify your portfolio

Handling tax as a share or crypto trader can be complex and time-consuming. From tracking trades to calculating capital gains and complying with ATO rules, mistakes can be costly. That’s where Munal Tax comes in — offering expert, stress-free tax services tailored for modern investors.

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Make Crypto Tax Easy with the Right Tax Agent

Cryptocurrency is a fast-evolving space, and tax laws surrounding it can be complex and unclear for many investors. Using a registered cryptocurrency tax agent helps eliminate the confusion and ensures your reporting is accurate, complete, and in line with ATO regulations. Whether you’re an occasional trader or actively involved in mining, DeFi, or NFTs, a tax agent can guide you through every step of the process. One of the major benefits is accurate capital gains reporting. Many investors don’t realize that selling, swapping, gifting, or even converting one crypto to another can trigger a taxable event. A tax agent helps calculate your capital gains or losses, applies any eligible discounts, and ensures nothing is missed. They can also help you determine whether you’re investing as an individual, business, or trader — each of which has different tax implications. With so many wallets, exchanges, and tokens to track, keeping accurate records is challenging. A crypto tax agent can help you consolidate data from multiple platforms and prepare your return with confidence.

Key benefits of using a crypto tax agent:

● Peace of mind and expert support all year round
● Minimized risk of audits or ATO penalties
● Advice tailored to your trading activity
● Secure handling of exchange and wallet data
● Help identifying tax deductions and offsets
● Accurate capital gains and income reporting.

Let us take the stress out of managing your capital gains tax. Whether you’ve made profits, incurred losses, or both — our team will handle all the complex calculations and ensure everything is reported accurately for the financial year.

You can count on us to look after your tax position with care and precision. We don’t just crunch the numbers — we work to uncover every deduction, offset, and opportunity to minimize what you owe and maximize what you get back.

Simplifying Crypto Taxes for Smarter Investments

Investing in cryptocurrency comes with tax obligations that many traders overlook. Whether you’re buying, selling, swapping, or holding digital assets, the ATO considers most of these activities to be taxable events. If you’ve made a profit by disposing of your crypto — either by selling it for fiat currency or trading it for another token — you may be liable for capital gains tax. Losses can also be recorded and used to offset future gains.

Even if you hold crypto for long-term investment, it’s essential to maintain accurate records of every transaction, including dates, coin values in AUD at the time, and any associated fees. The ATO’s data-matching program works with major exchanges to track investor activity, so full transparency is critical. Working with a tax professional ensures you stay compliant, maximize deductions, and avoid penalties — all while focusing on your crypto portfolio growth.

Understanding Your Tax Responsibilities as a Crypto Investor (CGT)

In Australia, cryptocurrency investors are subject to both Capital Gains Tax (CGT) and Income Tax.

CGT applies when you sell your crypto assets, while Income Tax is charged on crypto you earn through various activities.

The ATO outlines specific situations where cryptocurrency is treated as taxable income — even for individual investors. You need to report the following:

  • Crypto received as part of your salary
  • Coins earned from Proof of Stake or Proof of Work
  • Interest earned from staking or lending crypto
  • Airdropped tokens (excluding original coin distributions)
  • Earnings from selling NFTs you’ve created
  • Referral rewards paid in crypto
  • Tokens gained from yield farming or liquidity mining

In all cases, you must report the fair market value in Australian dollars at the time you receive the cryptocurrency — regardless of how or when you later use, sell, or hold the asset.

What type of records do I have to keep?
You’re required to keep detailed records for each individual cryptocurrency asset and every transaction to determine whether you’ve made a capital gain or loss.

For each crypto asset, make sure you keep the following:

• Receipts for any purchases, transfers, or disposals of crypto
• The date of every transaction
• A description of each transaction and the identity of the other party involved (this can be their wallet address)
• Exchange records showing your trading activity
• The value of the crypto in Australian dollars at the time of each transaction
• Any fees paid to agents, accountants, or legal professionals
• Digital wallet information and private keys (if applicable)
• Records of software expenses related to managing your crypto taxes

Each cryptocurrency is treated as a separate CGT asset, so it's important to maintain detailed records for each one individually. Good record keeping is key to staying compliant with your tax obligations.
How do I keep record of Crypto?
Maintaining accurate records is essential, especially given the volatile nature of cryptocurrency. Proper record keeping can help protect you from losing valuable information unexpectedly. You should retain records for the entire time you hold or trade crypto assets.

Here are some practical tips:

• Regularly export your transaction history to avoid losing data if you lose access to your account.
• Set a reminder to back up your transaction history at least every three months.
• Always export your full transaction history before closing any crypto account.
• Use a reliable Australian crypto tax calculator — many free or affordable tools can link with your exchange and wallet accounts to track your activity.
• If you’ve lost records, try using a blockchain explorer or reach out to the exchange’s customer support to help recover the information.

Ready to Talk to a Tax Expert?

If you’re looking to reduce your capital gains tax and make the most of any losses from your cryptocurrency investments, we’re here to help. Schedule a one-on-one appointment with one of our experienced tax specialists and get the personalized advice you need.