IRD Update – Cryptocurrency Tax NZ

Cryptocurrency and GST in New Zealand

Posted by Tim Doyle in Cryptocurrency Tax, IRD Update

The purpose of this article is to highlight cryptocurrency Goods and Services Tax (GST) risks and uncertainties. Specifically, how New Zealand taxpayers involved in cryptocurrency are disadvantaged due to existing GST legislation. We have requested further information and clarification from…

Cryptocurrency Tax Update – October 2019

Posted by Tim Doyle in Cryptocurrency Tax, IRD Update

I recently had a phone call with Inland Revenue (IR) discussing common cryptocurrency tax situations we are experiencing. The purpose of the phone call was to discuss these common situations, how we are preparing cryptocurrency financial statements and calculating taxable income.…