About the company > News and mailing > Jurisdictions news > Cryptocurrency will equal to property in New Zealand

Cryptocurrency will equal to property in New Zealand


				23.04.2018
						

The Tax Authority of New Zealand has published a guide under which the cryptocurrency will be treated as a property.

The Bitcoin, the Ethereum, the Ripple, the Litecoin are the most well-known types of cryptocurrency.

So if you acquire a cryptocurrency for the purpose of sale or exchange, then the income received from these transactions will be subject to taxation.

In addition the income received from these transactions will also be taxed upon receipt of cryptocurrency as a payment for goods and services.

On materials of the following website: https://media.ird.govt.nz/articles/cryptocurrency-investors-reminded-of-their-tax-obligations/


Back to the list

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

03/25/2024 18:25:00

Does the EU stop visa-free travel?

The European Union plans to update the mechanism that allows suspendin ...

Read more

03/20/2024 10:50:00

The 10 happiest and most unhappy countries in the world

The Sapien Labs research group has published an annual report on th ...

Read more

03/19/2024 10:35:00

Romania: new conditions for EU blue cards

On March 8, 2024, new rules governing the use of EU Blue Cards and ...

Read more