New Zealand Offers To Exclude Taxes For Crypto To Develop Growth

New Zealand tax authorities raised a new proposal on the GST tax related to cryptocurrencies. The New Zealand’s Inland Revenue Department published a paper, which includes the content of the proposals on the requirements to improve and simplify the tax invoice and exclusion of cryptocurrencies from specific GST provisions and noting  New Zealand has a fast-growing crypto-assets market and expects that most stakeholders will accept the proposed regulations.

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