New Zealand: Crypto Tax Rates (2025)

2025 crypto tax rates in New Zealand

Here are the income tax rates from April 1, 2024 to March 31, 2025. These are the tax rates that will apply to crypto transactions made during the 2024-2025 tax year. 

Tax rates are set to change during the 2025-2026 tax year. 

Remember, each individual portion of your income is subject to a different tax rate. Here’s how an investor who made $40,000 during the 2024-2025 tax year would be taxed. 

Bottom line: In New Zealand, profits from crypto are taxed just like income from your job. There are no tax breaks for long-term holders, and the amount you owe depends on your total income. 

How are profits from cryptocurrency taxed in New Zealand?

In New Zealand, there is no capital gains tax on cryptocurrency. That means all profits from cryptocurrency — whether you earned it or disposed of it — are subject to income tax. 

Here are a few examples of how it works:

• Bought BTC and sold it later for profit?:Any profits you make from the sale is subject to income tax.
  
• Swapped ETH for SOL?: You’ll recognize income tax based on how the price of ETH you’re trading away has changed since you originally acquired it.
  
• Staked your crypto and earned rewards?: Income from staking is subject to income tax based on its fair market value at the time of receipt. 

How do I calculate my crypto taxes in New Zealand?

To calculate your crypto tax:

1. Add up all your taxable income: Calculate all of your income from crypto — including cryptocurrency that you earned and any profits from cryptocurrency that you disposed of.
   
2. Combine it with your other income: Your crypto earnings are added to your total income — including income from your job and other sources.
   
3. Apply New Zealand’s tax brackets: Your income will be taxed according to the tax bracket chart above. 

How do I pay crypto tax in New Zealand?

Here’s what you’ll need to pay your crypto taxes in New Zealand. 

• Keep track of every taxable crypto transaction (swaps, sales, income). This includes the value of your crypto at the time of receipt and disposal, and the dates you acquired and disposed of your cryptocurrency.
  
• Once you’ve gotten the information you need, you can report your income from cryptocurrency on your IR3 individual tax return. 

Having trouble calculating your crypto taxes on your own? Try crypto tax software like CoinLedger to automatically calculate your gains and losses and generate a complete crypto tax report in minutes. 

How do I lower my crypto tax bill in New Zealand?

Here are a few ways to legally reduce your crypto taxes in New Zealand. 

• Offset gains with crypto losses: If you sold crypto at a loss, you will be able to offset gains and lower your taxable income.
  
• Realize profits in low income years: The lower your income, the lower tax you'll pay on your crypto profits. As a result, many investors choose to dispose of their crypto in low-income years.
  
• Use crypto tax software: Tools like CoinLedger can help you identify opportunities for tax savings and help you easily calculate your taxable income from crypto.
  

How does New Zealand’s crypto tax compare to other countries?

New Zealand has comparable tax rates on cryptocurrency to other countries. However, it’s important to note that countries like the United States and Australia offer discounted tax rates to investors who’ve held their cryptocurrency for longer than a year. 

In conclusion 

Looking for an easy way to report your crypto taxes in New Zealand? Try CoinLedger — the platform trusted by 700,000+ investors across the globe. CoinLedger allows you to automatically connect your wallets and exchanges and generate a complete tax report in minutes. 

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