Authorities are urging investors to correct tax filings as enhanced data tools identify discrepancies in reported crypto income.
New Zealand’s Inland Revenue has stepped up its push for crypto tax compliance, warning investors to review their obligations as authorities expand enforcement using transaction data and new reporting tools. Officials say they have identified around 355,000 users involved in roughly 57 million crypto transactions worth a combined NZ$36 billion.
Under current tax rules, crypto-assets are treated as property, meaning profits from selling, trading, or exchanging digital assets are generally considered taxable income. Those gains must be declared as part of annual income and…
