Income tax – bonuses paid in cryptoassets
This ruling considers when a bonus or an incentive paid in cryptoassets will be a “PAYE income payment” for income tax purposes under s RD 3 for which the payer will have PAYE obligations.
This ruling replaces BR Pub 21/02: Income tax - bonuses paid in crypto-assets. There have been no changes to the previous ruling.
Income Tax Act 2007 – ss CE 1, CE 7, CX 2, CX 4, RD 3, RD 5, RD 7 and the s YA 1 definition of “amount”
CIR v Smythe  1 NZLR 673
|Income tax – salary and wages paid in cryptoassets||Rulings||May 2023|
|Income tax – employer issued cryptoassets provided to an employee||Rulings||May 2023|
|Income tax – application of the employee share scheme rules to employer issued cryptoassets provided to an employee||Rulings||May 2023|
Income tax – salary and wages paid in cryptoassets
Income tax – employer issued cryptoassets provided to an employee