New Zealand plans to implement the OECD Crypto Asset Information Exchange Framework, with a maximum fine of $1,000 for violators
2024-08-27 06:32:14
27 News New Zealand Minister of Revenue Proposal Legislation Implementation OECDdesk3cryptocurrencydesktopCrypto News
New Zealand's tax minister has proposed legislation to implement the OECD framework for the exchange of crypto-asset information. The proposed amendments are expected to come into force in April 2026. New Zealand crypto providers will be required to collect transaction information and submit it to the tax authority in 2027, or face a $300 fine for each violation, and a $1,000 fine for users who do not provide information.
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