Does the ATO track crypto?

Yes, the ATO tracks crypto. Its crypto data-matching program collects records from Australian crypto exchanges and compares them with what people report in their tax returns. For the tax rules themselves, see how crypto is taxed in Australia.

How does ATO crypto data matching work?

The program's protocol covers the 2014-15 to 2025-26 financial years. The ATO collects the data each year between April and July from crypto designated service providers operating in Australia, and expects records on about 700,000 to 1,200,000 individuals and entities each year.

For individuals, the data can include names, dates of birth, addresses, emails, phone numbers, ID document details and sign-up IP addresses. Transaction data covers linked bank accounts, wallet addresses, dates, crypto types, amounts in crypto and dollars, and transfer details. The ATO keeps each year's data for seven years.

The ATO uses more than 60 identity-matching techniques to link records to the right person. Models then flag discrepancies such as under-reported gains, and higher-risk cases go to compliance staff.

What happens with ATO crypto reporting if your return does not match?

The ATO says it usually contacts you by phone, letter or email to verify a discrepancy after you lodge. You get up to 28 days to check the information before it takes administrative action. It may also show tailored messages in its online services prompting you to review your crypto reporting.

The program's goals include encouraging voluntary compliance and making sure people who trade crypto or accept it meet their obligations. Reporting is also expanding. KPMG says Australia has committed to the OECD Crypto-Asset Reporting Framework from 1 January 2027, with legislation expected during 2026. You can compare approaches in crypto tax around the world.

What are the ATO cryptocurrency record keeping rules?

The ATO asks you to keep records of each crypto asset separately, because each one is a separate CGT asset. That includes the date and purpose of each transaction, the Australian dollar value at the time, exchange records, the other party (a wallet address is enough), wallet records, and adviser and software costs.

Keep records for five years from the latest of when you made them, when the transaction finished, or the year the CGT event happened. Exchange exports help, as covered in how to download your crypto transaction history.

Is an ATO crypto email genuine?

The ATO does contact people by email, SMS, phone and post. But it says it never sends unsolicited emails or texts with links or QR codes, and never asks for payment in cryptocurrency or gift cards. Genuine emails come from an address ending in ato.gov.au. If unsure, call the ATO on 1800 008 540, or forward suspected scams to [email protected].

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.