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Te uta tāke ki te moni whiwhi rawa whiti-rangi Taxing cryptoasset income

  • Home
    • Cryptoassets
      • What cryptoassets are
      • Cryptoassets for individuals
      • Cryptoassets for businesses
      • Taxing cryptoasset income
        • Working out your cryptoasset income and expenses
        • Calculating the New Zealand dollar value of cryptoassets
        • Record keeping for cryptoassets
        • Cryptoassets and GST (goods and services tax)
      • Non-fungible tokens

You need to file a tax return when you have taxable income from your cryptoasset activity.

Before you can put your cryptoasset net income (or loss) in your tax return you need to:

  • calculate the New Zealand dollar value of your cryptoasset transactions
  • work out your cryptoasset income and expenses.

If you held cryptoassets that were stolen, you may be able to claim a deduction for the loss.

It’s important to keep good records for all your transactions with cryptoassets.

Completing your tax return

When you complete your tax return, if your cryptoasset income does not fit into any boxes (such as business or self-employed income) you need to put your net cryptoasset income (or loss) in the 'other income' box. To claim a loss, you need to show that if you'd made a profit it would have been taxable.

Different types of cryptoasset owners will need to complete different tax returns.

Income tax for individuals

Income tax for businesses and organisations

If you have not got your tax right in a return you’ve already filed, let us know as soon as you can so we can fix it. You may need to make a voluntary disclosure.

Fixing mistakes in my return

If you want to gain more certainty about how the tax law applies to your situation, you can apply for a ruling. There is a fee for rulings. A ruling might be useful if your situation is complex or there is a significant amount of tax involved.

Short-process rulings

Applying for other types of rulings


Pages in this section
  • Working out your cryptoasset income and expenses Work out your cryptoasset income and expenses and find out how your stolen cryptoassets are treated.
  • Calculating the New Zealand dollar value of cryptoassets How to calculate the New Zealand dollar value of your cryptoasset income when you complete your tax return.
  • Record keeping for cryptoassets Find out what records you need to keep to help you file your returns and as support if you’re audited.
  • Cryptoassets and GST (goods and services tax) How GST applies to cryptoassets.

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