Australian Tax Office preparing draft ruling on Bitcoin

Draft topics – rulings and determinations where a draft is being prepared

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Ruling ID: 3667

ATO reference: 1-55YRMMG

Topic: Income tax: Is Bitcoin a 'foreign currency' for the purposes of Division 775 of the Income Tax Assessment Act 1997?

Ruling type: TD

Notified: 25/11/2013

Planned issue date: 26/02/2014

Reason for inclusion: To clarify the ATO view.

Comments: <none>

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As a general rule, all public rulings first issue in draft form:

• draft taxation ruling – within six months of being notified on the program


• draft taxation determination – within three months of being notified on the program


• draft self-managed superannuation fund ruling – within eight months of being notified on the program


• draft self-managed superannuation fund determination – within four months of being notified on the program.

submitted by phrak79

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