Different activities, different consequences
IRD identifies staking, lending and crypto interest among possible sources of cryptoasset income. Usually income is recognised in the year it is received, subject to the relevant rules.
Follow the full transaction chain
Depositing into a protocol, receiving a token, earning rewards and exiting a position may each need analysis. The tax position is fact-dependent. Maintain records of contract interactions, dates, fees and NZD valuations.
Get specialist advice
Complex liquidity pools, token wrapping or staking arrangements may not fit simple examples. Consult a qualified adviser rather than assuming a blanket treatment.
Sources & further reading
This website provides general educational information only. It does not provide individualized financial, investment, legal or tax advice. Cryptocurrency involves risk, including potential loss of capital.