Goods and Services Tax Ruling
Goods and services tax: the GST implications of transactions involving bitcoin
Please note that the PDF version is the authorised version of this ruling.There is a Compendium for this document: GSTR 2014/3EC .This document has changed over time. View its history.
Notice of Withdrawal
1. GSTR 2014/3 will cease to apply to transactions entered into after 1 July 2017, the date that the legislative amendments to A New Tax System (Goods and Services Tax) Act 1999 and the A New Tax System (Goods and Services Tax) Regulations 1999 commenced.
2. From 1 July 2017, digital currency will have the equivalent treatment to money and in certain circumstances supplies of digital currency will be treated as financial supplies. As a result of these amendments, the view contained in GSTR 2014/3 is no longer current.
Commissioner of Taxation
18 December 2017