Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
New Zealand plans to put in place the Organisation for Economic Co-operation and Development's crypto reporting framework by April 2026.
The measures are meant to help ensure firms provide tax information on transactions in crypto-assets to prevent tax evasion. New Zealand plans to have the Organisation for Economic Co-operation and Development's crypto reporting framework in place by April 2026, Amendments to make the framework law were set out in the Taxation Bill commentary by Minister of Revenue Simon Watts.
The OECD, an intergovernmental standards-setting body, approved the reporting framework in 2022. The measures are meant to help ensure firms provide tax information on crypto asset transactions in a way that allows the information to be exchanged easily. The framework was constructed to"fight against international tax evasion,"New Zealand-based crypto-asset service providers would have to collect information on their users' transactions starting April 1, 2026, the document said.
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