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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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  1. Cryptocurrency Tax Guide for South African Individuals

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Last updated 1 year ago

is a leading cryptocurrency tracker and tax calculation app with end-to-end encryption. We simplify calculating your crypto taxes and streamline the process of compliance for thousands of our users. Co-founder Dan Howitt spent 40 hours calculating his cryptocurrency taxes in November 2017, which was simply not possible on a spreadsheet. Co-founder Ben Shepheard faced the same problem; he found that there were many cryptocurrency accounting products on the market but none of them offered the privacy he wanted – giving up transaction and wallet details to crunch the numbers simply wasn't an option.

You wouldn’t tell people the value of your assets, your bank balance or how much cash you have under the mattress, so why would you tell a software company what cryptocurrencies you hold and your trading patterns? Crypto tax calculations can be complicated but you shouldn't need to compromise on security or privacy to comply with the law.

Recap solves this problem with end-to-end encryption. Users can connect to their exchanges with read-only API keys knowing that their data will not be intercepted by Recap or others along the way. You can connect over 16 exchanges via API with data from ANY other exchange imported via CSV.

Our platform applies a fiat conversion to every transaction and calculates your tax position for you. It also allows users to account for forks, airdrops, gifts, purchases in cryptoasssets and many other nuances of cryptoasset taxation.

Our end-to-end encryption gives you complete privacy meaning the only person that can see your transaction history is you. Use Recap to manage your taxes, track your portfolio and securely plan your digital wealth.

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Recap uses client-side encryption