January 2021 – Cryptocurrency Tax NZ

Cryptocurrency Tax Basics

Posted by Tim Doyleon January 12, 2021June 20, 2022in Cryptocurrency Tax35 Comments

This article outlines what triggers a taxable event and how to calculate the profit on cryptocurrency transactions. An individual taxpayer includes their profit for the financial year (1 April to 31 March) in their income tax return. The profit is…

How much tax do I pay on my cryptocurrency profits?

Posted by Tim Doyleon January 12, 2021February 8, 2022in Cryptocurrency Tax, Tax Strategy7 Comments

Marginal Tax Rates An individual combines their cryptocurrency profits for the financial year (1 April to 31 March) and reports a single profit/loss amount to Inland Revenue (IRD) in their income tax return. The crypto profit is combined with their…