Minister Simon Watts proposed the implementation through the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill.
New Zealand’s revenue minister on Monday proposed implementing the OECD’s framework for automatically exchanging crypto-asset financial information to the Legislature.
Consequently, these proposed amendments are scheduled to become effective on April 1, 2026. Starting from then, New Zealand-based reporting crypto service providers will be required to collect information on transactions.
This legislative move aims to integrate the OECD’s Crypto-Asset Reporting Framework (CARF) and updates to the Common Reporting Standard into New Zealand law.