New Zealand’s Association of Consumers and Taxpayers (ACT), the fourth-largest party in parliament, has proposed a set of crypto tax and regulatory changes centered on long-term retail holdings. Under the proposal, individual retail investors would be exempt from capital gains tax on compliant crypto assets held for more than one year. Assets held for less than a year, along with professional traders and businesses, would remain subject to current tax rules. ACT also wants small personal purchases made with crypto to be tax-exempt. In the same package, the party called for clear tax and regulatory rules for compliant payment stablecoins, tokenized securities, and real-world assets, and for the creation of a regulatory sandbox where startups could test new products. ACT deputy leader Nicole McKee said clear rules, proportionate safeguards, and less burdensome regulation would help New Zealand develop digital finance, modern capital markets, and financial innovation. Separately, the New Zealand government has already introduced legislation to implement the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF.
New Zealand’s Association of Consumers and Taxpayers (ACT), the fourth-largest party in parliament, has proposed exempting individual retail investors from capital gains tax on compliant crypto assets held for more than one year.
Under the proposal, assets held for less than one year would still be taxed under current rules. The same would apply to professional traders and businesses.
Proposal covers tax treatment and rulemaking
ACT also proposed a tax exemption for small personal purchases made with crypto assets.
The party said clear tax and regulatory rules should be created for compliant payment stablecoins, tokenized securities, and real-world assets. It also called for a regulatory sandbox so startups can test new products.
Nicole McKee outlines the policy case
ACT deputy leader Nicole McKee said clear rules, proportionate safeguards, and less burdensome regulation would help New Zealand develop digital finance, modern capital markets, and financial innovation.
Government has already introduced CARF legislation
Separately, the New Zealand government has introduced legislation that would implement the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF.
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