CoinOtag 2024-07-05 09:06:03

New Zealand IRD Cracks Down on Undeclared Bitcoin Income: Over 200,000 Citizens Under Scrutiny

New Zealand’s tax authority, Inland Revenue Department (IRD), has disclosed that over 200,000 citizens have not reported their cryptocurrency earnings on their tax returns. The IRD has issued warnings that virtual assets are subject to taxation and mentioned that stricter measures will be implemented to trace those evading tax disclosures related to digital assets. According

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