There are two unavoidable things in life: 

Death and taxes. 

Crypto doesn’t change that and despite the myths that still circulate online, crypto profits in New Zealand are taxable. If you sell crypto, swap one asset for another or earn income through staking or yield, those transactions can create taxable events. 

For anyone investing seriously in the space, tax compliance is simply part of the landscape…but here’s the part many investors overlook: paying your crypto taxes shouldn’t mean paying more tax than you need to.

Keep reading if you’d like to understand your obligations, but don’t want to pay any more than you need to…

What actually creates a tax event

In New Zealand, tax generally applies when you dispose…