New Zealand Intends to Implement an OECD Crypto Framework

According to a policy document released on Monday, New Zealand intends to implement the Organisation for Economic Co-operation and Development (OECD) crypto reporting framework by April 2026.

This was outlined in the Taxation (Annual Rates for 2024 – 25, Emergency Response, and Remedial Measures) Bill proposed by Minister of Revenue Simon Watts.

The OECD, a body that sets international standards, approved the reporting framework in 2022 with the aim of aiding tax information exchange for crypto asset transactions.

The framework was designed to combat international tax evasion. Under the new law, crypto-asset service providers based in New Zealand will be required to gather transaction information from their users from April 1, 2026. They will then have until June 30, 2027 to report this information to the Inland Revenue.