Cryptocurrency will equal to property in New Zealand
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/
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
- Aims and principles
- The team
- Reviews
- Review of arbitration practice
- Portfolio
- Vacancies
- Legal information
- Publications
- Recommended partners
- Legal library
- Press kit
04/01/2019 11:45:00
The registry of beneficiaries in Cyprus will be introduced on January 1st, 2020
Since January 1st, 2020, a register of final beneficiaries w ...
03/22/2019 11:42:00
Global Forum on the definition of beneficial owners
On March 20th, in the framework of the OECD Global Forum together ...
03/18/2019 11:41:00
Did the exchange with the UK stop?
On March 15th, 2019 Great Britain excluded Russia from the list of ...