{"id":388237,"date":"2026-04-20T04:56:08","date_gmt":"2026-04-20T04:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/388237\/"},"modified":"2026-04-20T04:56:08","modified_gmt":"2026-04-20T04:56:08","slug":"inland-revenue-urges-crypto-asset-investors-to-become-tax-compliant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/388237\/","title":{"rendered":"Inland Revenue urges crypto-asset investors to become tax compliant"},"content":{"rendered":"<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">New Zealand is implementing the Crypto-Asset Reporting Framework (CARF), which was developed by the Organisation for Economic Co-operation and Development (OECD).<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">\u201cThrough CARF and annual exchanges of information with other tax authorities, Inland Revenue will also receive information on transactions and transfers of crypto-assets that take place overseas by New Zealand tax residents.<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">\u201cOverall, the CARF initiative brings much-needed visibility to the crypto world, shifting from being a vague grey area to international transparency with much tighter enforcement.\u201d<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">Inland Revenue said the letter is an opportunity for people who received income from disposing of crypto-assets (including when they are sold, swapped or exchanged) to review their tax position and correct any errors by filing an Individual income tax return (IR3).<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">\u201cDespite popular thinking \u2013 people are not invisible on blockchain, and we have the tools and the analytics capabilities to identify and expose crypto-asset activities,\u201d Inland Revenue said.<\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand is implementing the Crypto-Asset Reporting Framework (CARF), which was developed by the Organisation for Economic Co-operation&hellip;\n","protected":false},"author":2,"featured_media":388238,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[6726,10141,138,27256,201026,72083,14739,305,12620,321,807,29546,111,139,69,7493,3466,88,7496,61,29038,3552,8218],"class_list":["post-388237","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-become","tag-begun","tag-business","tag-compliant","tag-cryptoasset","tag-exchanges","tag-expensive","tag-have","tag-inland","tag-investors","tag-kiwis","tag-letters","tag-new-zealand","tag-newzealand","tag-nz","tag-revenue","tag-sending","tag-surprise","tag-tax","tag-to","tag-traded","tag-urges","tag-warns"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/388237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=388237"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/388237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/388238"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=388237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=388237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=388237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}