Is GST Tax going to catch up with Crypto in New Zealand?

Cryptocurrencies

1. Should different types of crypto-assets have different GST treatments?

Create a token classification framework and deeming rules

Create a broad definition of crypto-assets to exclude them from GST and financial arrangements.

2. How should a crypto-asset be defined?

Utility Tokens

Security Tokens

Fungible Tokens

Non-fungible Tokens

How similar countries are treating crypto

Is it possible to create a definition?

3. How should GST be removed from supplies of crypto-assets? Should the same GST treatment apply to supplies to residents and non-residents?

What happens with other services related to crypto-assets?

Application date

Crypto GST Tax: Conclusion

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