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Does my activity fall under personal or business?

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This is likely a question that you will need to ask an accountant. However it is important to note that slightly different calculation methods and reporting periods can apply if your cryptocurrency activity is categorised as business rather than personal.

Currently Taxoshi supports FIFO (First In First Out) calculations and we are looking to support other calculation types soon (like Average Price) which may apply to you if your cryptocurrency activity is considered to fall under business.

Other Resources

IRD Guidance

The Inland Revenue has released more information on their position on cryptocurrency and tax

Read More

Employee Schemes

Inland Revenue is extending its guidance on cryptocurrencies to cover their use in employee share schemes

Read More

Industry Opinion

Scott Mason from Findex unpacks the Inland Revenue guidance on cryptocurrency taxation

Read More

Taxoshi is a New Zealand startup with the vision of bringing deeper compliance to the blockchain ecosystem globally. Join us on the journey.

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