Key CRS dates for reporting, including annual submission and exchange deadlines, and major implementation milestones.
Key dates
The most important dates for CRS each year are:
- 1 April to 31 March – the reporting period
- 30 June – the last day for Reporting NZFIs to submit their annual CRS information to us following the end of the reporting period
- 30 September – the last day for us to complete the annual exchange of information with reportable jurisdictions.
Filing changes coming
A new version of the CRS XML schema 3.0 must be used from 1 January 2027.
This updated format supports changes introduced by the OECD to include some digital financial products and indirect investments in relevant crypto-assets, and to strengthen due diligence and reporting requirements.
Key schema cut-over dates
- 30 November 2026 – the final date Reporting NZFIs can submit reports using the current schema.
- 1 December 2026 to 4 January 2027 – all filing options will be unavailable in myIR.
- 5 January 2027 – all filing options will be available in myIR using the new schema 3.0.
After cutover
After the cutover, all amendments and additions, including for earlier reporting periods, must be submitted using schema 3.0 and include the new fields where required.
CRS implementation dates
This table has the major milestone dates for the implementation of the CRS in New Zealand.
| Date | Milestone |
|---|---|
|
August 2016 |
Legislation introduced into Parliament as part of the Taxation (Business Tax, Exchange of Information and Remedial Matters) Bill. This Bill incorporated the provisions implementing the CRS for Automatic Exchange of Information (AEOI) in New Zealand. |
|
November 2016 |
We called for submissions on excluded entities and accounts. |
|
February 2017 |
Bill received Royal assent. Now known as the Taxation (Business Tax, Exchange of Information and Remedial Matters) Act 2017. |
|
March 2017 |
We called for submissions on reportable jurisdictions. |
|
June 2017 |
We published the initial list of reportable jurisdictions, participating jurisdictions, as well as excluded entities and excluded accounts. |
|
From 17 April 2018 |
Reporting NZFIs register for CRS with us based on their self-assessment. |
|
17 April to 30 June 2018 |
Reporting NZFIs submit their CRS information to us for the period 1 July 2017 to 31 March 2018. Reporting NZFIs were required to submit this information by 30 June 2018. |
|
26 August 2024 |
Legislation introduced into Parliament as part of the Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Bill. This Bill incorporated the provisions to give legislative effect in New Zealand to the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard developed by the OECD. |
|
29 March 2025 |
Bill received Royal assent. Now known as the Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Act 2025. |
|
1 April 2026 |
Amended CRS takes effect including some digital financial products and indirect investments in relevant crypto-assets, expanded definitions and strengthened due diligence and reporting requirements. |
|
5 January 2027 |
New schema applies. |