Tax Report for Australian Residents

etoro doesn’t provide tax advice. Any data reported in the tax report is strictly for informational purposes only and it isn’t intended as a tax declaration or as a substitute for legal advice. We strongly advise you to verify the tax report with your tax advisor.

On this page, you will find information about tax reporting in Australia. etoro Club members living in Australia can generate a tax report based on the previous financial year’s investment activity on the etoro platform, structured in accordance with local tax guidelines.

1. What should I be aware of when reporting taxes in Australia?
2. What does the Australian Taxation Office (ATO) consider taxable?
3. How are capital gains calculated in Australia?
4. Why are the capital gains between the etoro account statement and the tax report different?
5. What are the official tax forms and where can I download them?
6. Can I use the etoro tax report as a basis for filling out official tax forms?
7. Tax return for individuals
8. Tax return for individuals (supplementary section)

What should I be aware of when reporting tax in Australia?

• The tax year is from 1 July to 30 June.
• The deadline for filing tax returns is typically 31 October. If you plan to file your tax declaration yourself and require more time, you can request an extension. The extension typically extends the deadline to around March of the following year.
• The reporting currency is AUD (Australian Dollars). The daily exchange rates are provided by the Australian Taxation Office (ATO).
• The reporting language is English (EN).

What does the Australian Taxation Office (ATO) consider taxable?

• Income, which includes earnings generated through diverse channels including:
• Dividends
• Interest
• Other income from CFD-like instruments
• Capital gains, which is the profit realised when the selling price of an asset surpasses its initial purchase cost. It can be profit from any asset other than a CFD, including:
• Stocks
• Real estate
• Bonds
• Other non-CFD investments

This list is not exhaustive.

How are capital gains calculated in Australia?

The capital gain/loss on an asset can be calculated by subtracting the cost basis (purchase price) and any associated fees of an asset from the value of the asset when it was sold.

If many positions are held on the same asset, bought at different prices, there are different methods for working out the cost basis when the assets are sold. Australia uses optimisation logic for the calculation of capital gains/losses, which involves disposing of shares that yield the lowest capital gain and also considering the holding period length.

For more information, visit the ATO website.

Why are the capital gains between the etoro account statement and the tax report different?

You may notice differences between your etoro account statement and your etoro tax report. These can be attributed to the different methods used to calculate capital gains.

• Account statement reporting method: Specific lot identification
• Tax report reporting method: Optimisation

Additionally, to calculate the financial data presented in the tax report, the values of the positions are converted from USD to AUD at the time of position opening and closing. This conversion process may result in a further difference in the end value between the account statement and the tax report.

What are the official tax forms and where can I download them?

There are two forms for reporting taxes in Australia.

• Tax return for individuals
• Tax return for individuals (supplementary section)

Download the forms from the ATO website.

Can I use the etoro tax report as a basis for filling out official tax forms?

In this section, we will go through the official forms one by one, showing where to enter information found on your etoro tax report.

The coloured boxes from the tax report screenshots correlate to the same coloured boxes in the tax forms screenshots.

The information on this page should not be used as a guide on how to fill in your tax return. Please review the official notes on the tax forms and consult your independent tax advisor for questions.

Tax return for individuals

This form is used to report interest and dividends earned from Australian sources and companies.

etoro Tax Report

Official Form

Tax return for individuals (supplementary section)

The tax return for individuals (supplementary section) is used to report capital gains, foreign assets, and other types of income or deductions.

etoro Tax Report

Official Form

etoro Tax Report

Official Form

etoro Tax Report

Official Form