New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting Framework
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The New Zealand government has introduced a bill to implement the OECD’s Crypto Asset Reporting Framework (CARF). This framework aims to increase transparency in the crypto asset market.

The New Zealand Revenue Minister has introduced a tax bill proposing the implementation of the Organisation for Economic Co-operation and Development (OECD)’s Crypto Asset Reporting Framework (CARF). The bill, tabled before lawmakers on August 26, also proposes amendments to the Common Report Standards.

According to a commentary on the bill, the proposed amendments are set to take effect on April 1, 2026. Starting on that date, New Zealand-based crypto-asset service providers (CASPs) would be required to collect information on the transactions of reportable users who operate through them.

Furthermore, CASPs would be required to share this information with the Inland Revenue Service by June 30, 2027.
Besides obligating CASPs to share information with the revenue collection body, the bill also proposes to incorporate CARF into New Zealand’s Tax Administration Act of 1994. It also proposes changes to the act to support the interpretation and implementation of the reporting framework in New Zealand.

The proposed amendments also stipulate how CASPs are supposed to comply with the requirements and the penalties for failing to adhere to these.

“[The proposed amendments include] requiring RCASPs (and crypto-asset users) to comply with the requirements set out in the CARF, including self-certification procedures, due diligence requirements, reporting and record-keeping,” the Bill commentary states.

Effective April 1, 2026, New Zealand-based crypto-asset service providers (CASPs) must collect and report information on reportable users’ transactions.

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