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New Zealand is set to implement the OECD’s crypto reporting framework by April 2026, aiming to enhance transparency and combat international tax evasion. As outlined in a recent policy document, the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill introduced by Minister of Revenue Simon Watts supports this initiative. The framework, approved by the OECD in 2022, mandates firms to provide detailed tax information on crypto asset transactions.
Starting April 1, 2026, local crypto-asset service providers will be required to gather data on users’ transactions. This move is designed to streamline the exchange of information and support global efforts against tax evasion. The framework’s adoption demonstrates New Zealand’s commitment to aligning with international standards in financial transparency.
By June 30, 2027, firms will need to report this transaction information to the Inland Revenue. This progressive step not only supports global financial integrity but also positions New Zealand as a leader in responsible crypto regulation.
