Tax Report for New Zealand Residents

etoro doesn’t provide tax advice. Any data reported in the tax report is strictly for informational purposes only and it isn’t intended as a tax declaration or as a substitute for legal advice. We strongly advise you to verify the tax report with your tax advisor.

On this page, you will find information about tax reporting in New Zealand. etoro Club members living in New Zealand can generate a tax report based on the previous financial year’s investment activity on the etoro platform, structured in accordance with local tax guidelines.

Select a question to go directly to that topic.

1. What should I be aware of when reporting taxes in New Zealand?
2. What does the New Zealand Inland Revenue consider taxable?
3. How are capital gains calculated in New Zealand?
4. Why are the capital gains between the etoro account statement and the tax report different?
5. What are the required New Zealand tax forms for capital income and gains?
6. Can I use the etoro tax report as a basis for filling out the official tax form?
7. Summary report
8. Income report
9. Capital gain and loss report
10. Detailed transaction report

What should I be aware of when reporting tax in New Zealand?

• The tax year is from 1 April to 31 March.
• The tax return can be submitted both electronically and in paper format.
• The reporting currency is the New Zealand Dollar (NZD).
• The reporting language is English (EN).
• The deadline for filing the return in paper format is 7 July.

What does the New Zealand Inland Revenue consider taxable?

• Capital income: Dividends, interest income, other income.
• Capital Gains: New Zealand lacks a broad capital gains tax system. The different types of capital gains income tax laws are included in the category of 'income'.

See how income is taxed on the Inland Revenue’s website.

How are capital gains calculated in New Zealand?

The capital gain/loss on an asset can be calculated by subtracting the cost basis (purchase price) and any associated fees of an asset from the value of the asset when it was sold.

If many positions are held on the same asset, bought at different prices, there are several methods for working out the cost basis. In New Zealand:

• Specific lot identification is used for CFDs.
• First in, first out (FIFO) is used for all other asset types.

For details on the methods used, visit our article on cost basis.

Why are the capital gains between the etoro account statement and the tax report different?

You may notice differences between your etoro account statement and your etoro tax report. These can be attributed to the different methods used to calculate capital gains.

• Account statement reporting method: Specific lot identification
• Tax report reporting method: FIFO and specific lot identification

Additionally, to calculate the financial data presented in the tax report, the values of the positions are converted from USD to NZD at the time of position opening and closing. This conversion process may result in a further difference in the end value between the account statement and the tax report.

What are the required New Zealand tax forms for capital income and gains?

• Individual income tax return - IR3

Can I use the etoro tax report as a basis for filling out the official tax form?

In this section, you can see screenshots from an example etoro tax report for New Zealand residents.

The information on this page should not be used as a guide on how to fill in your tax return. Please review the official notes on the tax forms and consult your independent tax advisor for questions.

Summary report

A short summary of the income, capital gains and losses, taxes, and expenses.

Income Report

In the income report section, there are separate tables for dividends, interest payments and other income. Examples of other income include manufactured dividends and commissions from securities lending.

Capital gain and loss report

This section calculates the capital gain or loss from each taxable event during the time period.

Detailed transaction report

This section includes all the details of all transactions per asset.