The Crypto-Asset Reporting Framework is a global standard developed by the OECD to enable the automatic exchange of information between tax authorities on crypto-asset transactions. Before CARF, many crypto transactions remained invisible to tax authorities, especially those conducted on offshore platforms. The idea is to support enforcement of existing tax obligations, improve fairness in the tax system, and reduce opportunities to under-report crypto income or gains. Once collected, this information will be shared both domestically and internationally under the CARF rules, improving visibility over cross-border crypto activity by New Zealand tax residents. Tax professionals also advise taxpayers to review their past crypto transactions and consult a tax adviser if they are unsure about reporting requirements.

Source: Otago Daily Times February 08, 2026 20:49 UTC