New Zealand how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in New Zealand. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
In New Zealand, cryptocurrency is taxed at standard income tax rates, which range from 10.5% to 39%, based on your yearly earnings.
| For each dollar of income | NZ Tax Rate |
| $0 – $14,000 | 10.5% |
| $14,001 – $48,000 | 17.5% |
| $48,001 – $70,000 | 30% |
| $70,001 – $180,000 | 33% |
| $180,001+ | 39% |
Resource: https://coinpanda.io/guides/crypto-taxes-new-zealand/
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