March 2, 2026
If you buy, sell, or trade cryptocurrency, there are some new reporting rules on the way.
From 1 April 2026, certain crypto businesses in New Zealand will be required to collect and report information about their customers and transactions to Inland Revenue (IRD). These changes are part of an international effort to improve tax transparency around crypto assets.
The new rules apply to businesses that provide crypto services — such as:
Cryptocurrency exchanges
Trading platforms
Brokers or intermediaries
Businesses that buy, sell, or convert crypto on behalf of customers
These businesses will need to:
Collect identifying information about their customers
Record details of crypto transactions
Report this information to Inland Revenue each year
The first reporting period will run from 1 April 2026 to 31 March 2027, with the first reports due by 30 June 2027.
New Zealand is adopting an international standard called the Crypto-Asset Reporting Framework (CARF), developed by the OECD.
The goal is to make sure income from crypto assets is properly reported and taxed — just like other types of income.
Inland Revenue will also share information with overseas tax authorities and receive information about New Zealand residents who use offshore crypto platforms.
If you personally invest or trade in crypto, you won’t have to file any extra reports under these new rules — but your crypto provider may now report your transaction information directly to Inland Revenue.
That means:
Crypto activity will be more visible to IRD
It will be even more important to keep accurate records
Any taxable gains or income from crypto should be properly declared
If you haven’t been sure about your crypto tax position in the past – get in touch and we can help you review it.
