New Zealand’s ACT Party, described in the source as the country’s fourth-largest political party, said it would introduce a new crypto tax policy if elected. Under the proposal, income from Bitcoin and other cryptocurrencies would be exempt from income tax when held for more than 12 months. According to the report, the policy is intended to attract cryptocurrency investors. The source also said the proposal could affect the development of New Zealand’s digital economy and the country’s electoral landscape. The item was carried by Techub News and cited Crypto Briefing.
Techub News reported that New Zealand’s ACT Party, identified in the source as the country’s fourth-largest political party, said it would roll out a new cryptocurrency tax policy if elected.
Under the proposal, income from Bitcoin and other cryptocurrencies would be exempt from income tax if an individual holds the assets for more than 12 months.
The report said the policy is aimed at attracting cryptocurrency investors and could affect the development of New Zealand’s digital economy as well as the electoral landscape.
The item cited Crypto Briefing.
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