Get Sorted For Tax Time With Binance New Zealand!

Left your tax returns to the last minute? We get it, tax season can be a stressful time, even more so when dealing with cryptocurrency transactions.

To keep our Kiwi users on track in the lead-up to the tax return deadline, we have three incredible resources: the Binance Tax Tool, and a fantastic offer from two of our Tax Partners, Koinly and Crypto Tax Calculator. In this blog, we'll introduce you to these handy resources that can help you stay tax compliant this season. Get ready to tackle your crypto taxes like a pro!

Step 1: Use Binance Tax Tool to generate Free Tax Reports

The deadline for tax returns is just around the corner and we know tax season can be a dreaded time of the year for many — especially crypto users. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, taxing. For day traders, who normally deal with thousands of transactions yearly, this means putting in extended hours to ensure the accuracy of their filings come tax reporting time.

If you’re struggling to stay on top of your crypto taxes as the Ethereum price rises, or simply looking to speed up the process, make sure to check out our recently launched crypto tax tool, Binance Tax. 

With just one click, you can now generate and download tax reports for use when preparing tax returns. These include a Realised Capital Gains Report, Income Gains Report and Transaction Report. 

Binance Tax is still in its early launch phase, so its algorithm doesn’t yet cover all transaction types within our vast ecosystem. Binance users should adjust their final tax reports accordingly.*

Try Binance Tax Tool Today →

Step 2: Take advantage of our great Partner Offers!

Koinly Special Offer For Binance NZ Users

As a Binance NZ user, you now have the opportunity to leverage the power of Koinly to make your crypto tax reporting more efficient and fuss-free. Exclusive to Binance users, enjoy a 30% discount on your first Koinly tax report. Follow the details below to take advantage of this amazing offer.

Discount Code: BinanceNZ23
Discount amount: 30% off
Valid until: October 31st, 2023

To claim this offer, simply use the code 'Binance23' for 30% off your first Koinly tax report at checkout on https://koinly.io/ 

Crypto Tax Calculator Special Offer For Binance NZ Users

As a Binance NZ user, enjoy a limited-time special offer from Crypto Tax Calculator. Take advantage of a 30% discount on their services and streamline your crypto tax reporting in no time.

Discount Code: BINANCE23
Discount amount: 30% off
Valid until: August 15th, 2023

To claim this offer, simply use the code 'BINANCE23' for 30% off your first Crypto Tax Calculator tax report at checkout at https://cryptotaxcalculator.io/nz/

Summary

By using the resources in this blog, our Kiwi users can seamlessly prepare for tax time with the Binance Tax Tool, and exclusive offers from Tax Partners Koinly and Crypto Tax Calculator. These valuable resources and partnerships make the process of navigating crypto taxes in New Zealand both straightforward and stress-free. Thank us later!

Terms & Conditions - Koinly Partner Offer

1. This offer grants 30% off your first Koinly tax report using the discount code at checkout.
2. Koinly reserves the right to terminate the offer at any time.
3. The offer cannot be combined with other promotions.
4. Offer valid until October 31st, 2023.
5. Limited to one use per customer.
6. The discount excludes Koinly CPA and B2B customers.

Disclaimer: This content is for general information purposes only, not investment advice. Cryptocurrencies, including Bitcoin, are volatile and fluctuate on a day-to-day basis, thus, trading requires proper diligence and sound judgement in order to evaluate the risks associated. 

Binance Tax does not calculate your specific tax obligations and/or assist you with determining whether your transactions are taxable. Binance Tax assists you by generating relevant summary reports of your trading activity in order for you to calculate your tax obligations through your own methodology.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses. Binance and Binance New Zealand reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.