The Inland Revenue Department (IRD) is introducing new legislation for the Crypto-Asset Reporting Framework (CARF). These regulations impact all exchanges operating in NZ. This legislation requires Swyftx to collect the tax residency information from our New Zealand customers.
From 1 April 2026, you will see a pop up or banner on your dashboard within the Swyftx platform.
What information is required
In this form, you will be able to select your primary and secondary (if you have one) tax residency country and input your IRD Number. If you do not have, or are not required to have, an IRD Number, you will be able to select the reason for this on the form.
How to complete the tax residency information form
App
Log into the Swyftx app.
Select the Complete Tax Residency prompt on your dashboard or select the
three lines in the top left of the screen and select profile. Select your primary tax residency country from the dropdown list.
Input your IRD number or select I do not have or require a New Zealand IRD Number.
If you do not have or require an IRD Number, select the primary reason for not having an IRD Number from the dropdown menu.
Select if you are a resident of any other country for tax purposes.
If yes, select a country from the dropdown list.
Confirm the information provided is complete and accurate.
Select Continue.
Web
Log into the Swyftx platform.
Select the Complete Tax Residency button in the banner at the top of the dashboard.
Select your primary tax residency country from the dropdown list.
Input your IRD number or select I do not have or require a New Zealand IRD Number.
If you do not have or require an IRD Number, select the primary reason for not having an IRD Number from the dropdown menu.
Select if you are a resident of any other country for tax purposes.
If yes, select a country from the dropdown list.
Confirm the information provided is complete and accurate.
Select Continue.
Why is this information needed?
This tax residency information allows us to stay compliant with the Inland Revenue Department. We will be required to report relevant balances and transactions directly to the IRD on an annual basis.
What to do if your tax residence changes
If your tax residency changes after you have completed the tax residency information form, please contact our support team through live chat, and they will be able to update that information on your account.