New Zealand has adopted the Crypto-Asset Reporting Framework (CARF). This international framework will increase the visibility of crypto-asset activity and help tax authorities check that crypto-asset income is correctly declared.
From 1 April 2026, New Zealand-based Reporting Crypto-Asset Service Providers (RCASPs) are required to collect and report certain information about their crypto-asset users and transactions.
Who is a crypto-asset user?
Crypto-asset users are customers of a Reporting Crypto-Asset Service Provider (RCASP) who use the provider to carry out exchange transactions or transfers involving relevant crypto-assets.
What you need to do
Be prepared to provide your identifying information and confirm your tax residency when your crypto-asset service provider asks for it. Make sure the information you provide is accurate and up to date.
Penalties may apply if you do not provide the required information when asked, or if you provide false or misleading information.
You do not need to register for CARF. Only Reporting Crypto-Asset Service Providers are required to register for CARF and report to us following these new rules.
Keep records and declare taxable income
You need to continue to keep records of your cryptoasset transactions and include any taxable crypto-asset income in your income tax return.
Find out what you need to know about cryptoassets and your tax obligations.
More information
More about the information crypto-asset users need to provide is on our website.