Main page > 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 news

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

03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more