If you’re buying, trading, or using crypto in Australia, keeping clear records isn’t optional – it’s essential. The ATO expects you to track:
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Date, purpose, and value (in AUD) of every transaction
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Counterparty details (e.g., wallet addresses) and receipts or exchange statements
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Associated costs, like legal fees or transaction charges
Protect your data by exporting transaction histories regularly (ideally every three months) and before closing any accounts.
Please note: you’re required to keep records for at least five years from the date of the tax return or transaction.
With the ATO increasingly data-matching crypto activity, accurate record-keeping is your best defence against audits and surprise tax bills.
More details on the ATO website.
If you’re unsure where to start or want to ensure your records meet all ATO standards, please get in touch with our office or book a meeting through Calendly here.
Kind Regards,
Eric Cirulis
Director/CEO