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South African Tax Guide
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  • Cryptocurrency Tax Guide for South African Individuals
    • Recap
    • Tax Consulting South Africa
  • Cryptocurrency tax
    • Is Cryptocurrency Taxed in South Africa?
      • Tax Deadlines
    • Which Types of Taxes Apply?
      • Income Tax
      • Capital Gains Tax
    • Investor or Trader?
      • How to Know The Difference
    • Valuation of Crypto Assets
  • How To File Your Return
    • Record Keeping
    • Filing Your Tax Return
  • Transaction Types
    • πŸ’΅Selling Crypto for Fiat
    • πŸ“ˆTrading Crypto for Crypto
    • πŸ—³οΈHolding Crypto
    • πŸ”„Swapping Crypto
    • πŸ›οΈPurchases Using Crypto
    • 🎁Gifts to Other Persons
    • 🎈Airdrops
    • πŸ’ΈTransfers Between Wallets
    • 🀝Staking
    • ⛏️Mining
    • πŸ‘›'Employment Income'
    • 😰Lost / Stolen Crypto
    • 🌊Liquidity Pools
    • πŸ–ΌοΈNFTs
    • πŸ’°DeFi Interest / Rewards
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Cryptocurrency Tax Guide for South African Individuals

An Introduction to Cryptoassets & Recap

NextRecap

Last updated 1 year ago

Introduction

Crypto assets (often referred to as Cryptocurrencies) are considered to be an asset class in South Africa. Given the ever-changing crypto landscape and the constant development of new uses for and ways to invest in crypto, the tax consequences in South Africa are not always crystal clear.

Recap, in partnership with Head of Crypto Asset Taxation at Tax Consulting South Africa, Jashwin Baijoo, have prepared this comprehensive South African Tax Guide to outline the rules and considerations to keep in mind with regard to crypto asset tax for individuals in South Africa.

SARS Crypto Classification

Disclaimer:

This guide is intended to be for information purposes only, and shall not be considered tax, accounting or legal advice. As such, this guide should not be relied on without consultation with a qualified and competent expert.

SARS officially recognizes cryptocurrencies as 'crypto assets,' not as virtual currency, as seen in their (Income Tax Return).

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