Crypto tax in New Zealand
How is cryptocurrency taxed in New Zealand?
In New Zealand, cryptocurrency is taxed as income. The headline tax rate for this income is 39%.
Common questions
- Is there a capital gains tax exemption for long-term crypto holdings in New Zealand?
- No, New Zealand does not offer a long-term exemption for cryptocurrency holdings.
- What is the top tax rate on crypto income in New Zealand?
- The headline rate for cryptocurrency income in New Zealand is 39%.
Crypto in New Zealand is taxed as ordinary income.
Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
39%
For an individual in New Zealand, most gains from disposing of cryptocurrency are taxed as ordinary income at your marginal rate, with no tax break for long-term holding.
“Cryptoassets are treated as a form of property for tax purposes. When you have taxable income from cryptoasset activities you need to include this in your income tax return. You need to file an income tax return - IR3 when you have taxable income from a cryptoasset activity.[5][4]” — Inland Revenue (New Zealand)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.