Crypto.com Tax Is Now Available in New Zealand

Getting you up to speed with your crypto taxes

New Zealand users, we understand that filing crypto taxes can be both confusing and time-consuming. However, Crypto.com Tax makes things quick and simple! We’re very excited to announce that our free tax tool is now available in the Land of the Long White Cloud. Users can easily generate a full crypto tax report and export it in just a few seconds.

To help users get up to speed with tax deadlines, Crypto.com Tax supports over 30 popular exchanges and wallets. Transactions can be imported seamlessly via a CSV file or API sync. What’s more, taxable capital gains and losses are automatically calculated, saving users even more time and effort. No notepads and calculators are needed here.

Once all transactions are loaded in and reviewed, it takes just a single click to generate a full crypto tax report.

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For more information about Crypto.com Tax, please visit the Help Centre or reach out to us via the in-app chat. We’re here to help.

Notes:

Please note that the following is not legal or tax advice and should only be regarded as a summary of the current income tax position regarding cryptocurrencies in New Zealand.

1. The individual user of the Services is assumed to be an individual who is a tax resident in New Zealand for the full income year in question and is not a “transitional resident” for New Zealand tax purposes.

2. The New Zealand tax treatment of cryptocurrency transactions is complex and potentially subject to change. Whether individual users are subject to income tax on cryptocurrency transactions is a highly factual question based on a range of factors. Therefore, we would suggest that individual users take their own personal tax advice as required.
   
3. This information is provided on the basis that the Services provided are intended exclusively for individuals who are not carrying on a business of trading in cryptocurrencies. This information is therefore not suitable for any individuals participating in cryptocurrency transactions that constitute business activities. The New Zealand authorities determine whether cryptocurrency activities amount to business activities based on a number of factors and individual circumstances. We would suggest you consult with your tax advisor for the details.