The Inland Revenue Department (IRD) has begun contacting New Zealand crypto investors regarding unpaid taxes, emphasizing that 'You're not invisible.' This warning comes amid a broader tax crackdown aimed at ensuring compliance among cryptocurrency holders.
In a recent statement, the IRD highlighted the risks associated with not declaring profits from crypto investments, urging individuals to take immediate action to avoid potential penalties. The initiative reflects the government's increasing focus on regulating the growing crypto market.