Crypto accountant warning investors that tax collector is coming for them
Last year IRD signalled it was honing in on people dealing crypto who were not declaring their income.
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A crypto accountant is warning investors that the tax collector is coming for them, with seven out of ten people trading in crypto assets currently side stepping their tax obligations.
In July last year IRD signalled it was honing in on people dealing crypto who were not declaring their income.
The Department had identified had 227,000 unique crypto asset users in New Zealand undertaking around 7 million transactions with a value of $7.8 billion.
Accountant Tim Doyle specialises in cryptocurrency and said nearly a third of his clients have now received letters from IRD calling in tax they owe.
Doyle told…
