Tax Agencies
/
Celsius
checkCircle
Expert verified
9 min read

Does Celsius Report to the ATO?

CelsiusAustralia
governments
/
Celsius
info
Our Editorial Standards:
Our content is designed to educate the 400,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More

Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Celsius’s tax reporting policies within Australia. We’ll also break down a simple way to report your Celsius taxes in minutes.

Does Celsius report to the Australian Taxation Office (ATO)?

Given that Celsius was operating legally within Australia while the business existed, it’s likely that the company reported to the ATO as well as other government agencies to prevent financial crimes, money laundering, and tax evasion.

What does the ATO do with the information that Celsius provides?

The ATO has used data matching to crack down on crypto tax fraud. The ATO uses information provided by exchanges like Celsius to track crypto transactions and identify individuals who have not met their tax obligations. 

In the past, the ATO has used this information to send warning letters to hundreds of thousands of cryptocurrency investors. 

Do I have to pay taxes on my Celsius transactions?

Yes. In Australia, your transactions on Celsius or other platforms are subject to capital gains tax and ordinary income tax. 

If you’ve earned or disposed (ex. Sold or traded away cryptocurrency) during the year, you’ll have a tax liability to report to the ATO. 

For more information, check out our complete Australia guide to cryptocurrency taxes

Is Celsius legal in Australia?

Yes. During its existence, Celsius operated legally within Australia. 

How do I avoid Celsius taxes in Australia?

Remember, there is no way to legally evade your taxes in Australia. However, there are tools like tax-loss selling and cryptocurrency tax software that can help you save thousands of dollars legally.

Get a Celsius tax report today

Looking for a simple way to report your Celsius taxes? With CoinLedger, you can import your Celsius transactions and auto-generate a complete gains, losses, and income tax report in minutes.

CoinLedger integrates with Celsius and dozens of other wallets, blockchains, and cryptocurrency exchanges to automate the entire crypto tax reporting process.

You can get started with a free preview report today.

ellipseellipsecalculator

Calculate Your Crypto Taxes

  • Check
    No credit card needed
  • Check
    Instant tax forms
  • Check
    No obligations
Get Started For Free
percent
ellipseellipse