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How to tax crypto: treat it like cash?

Ian Llewellyn
Fri, 17 Sep 2021

IRD says when it comes to GST, cryptocurrences are just like money, but has more work to do. (Image: Deposit Photos)
Ian Llewellyn
Fri, 17 Sep 2021
The government is edging into the largely uncharted territory of the tax treatment of cryptocurrencies with a move to define their place in GST regulations, but officials say wider work on tax implications is ongoing.The Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill recently tabled in Parliament proposes taking a neutral position on crypto in relation to GST to allow innovation. However, papers released with the legislation show tax officials still hold concerns over the illegal use of cryptocurrencies and their implicatio...

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400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.