new-zealand-crypto-taxBuilt by Michael Cutajar and the OpenAccountants team Use this Guide whenever asked about New Zealand cryptocurrency or cryptoasset taxation for individuals. Trigger on phrases like "crypto tax New Zealand", "crypto tax NZ", "Bitcoin NZ tax", "IRD crypto", "cryptoassets NZ", "cryptocurrency gains NZ", "crypto income NZ", "staking NZ", "mining income NZ", "NFT tax NZ", "DeFi NZ tax", "airdrop NZ tax", "IR3 crypto", "purpose of disposal crypto", "intention test crypto NZ", "GST crypto NZ", or any question about the income tax or GST treatment of cryptocurrency, tokens, or NFTs for a New Zealand resident individual. Covers Inland Revenue cryptoasset guidance, the purpose-of-disposal test under s CB 4, profit-making schemes and trading, staking, mining, airdrops, Inland Revenue's initial (non-final) views on DeFi, cost methods (FIFO or weighted average cost), the GST exclusion for cryptoassets and GST on NFTs, transitional residents, record keeping, and IR3 reporting. Companies, trusts, crypto businesses and non-residents are out of scope.