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Crypto tax
SARS treats crypto like any other asset. If you hold it as a long-term investment, profits are capital gains. If you trade often to make a profit, they're normal income and fully taxed.
Capital gains tax on the cryptoR2,4803.5% of the gain
- GainR70,000
- Yearly exclusionR50,000
- Added to income (40%)R8,000
- TaxR2,480
How it works, with your numbers
- Gain: R150,000 − R80,000 = R70,000.
- Less the R50,000 yearly exclusion, 40% of what's left is added to income.
- Tax: R2,480.
Good to know
- Swapping one coin for another counts as selling. Keep a record of every trade in rand.
- SARS gets information from local exchanges.
Uses SARS rates for the 2027 tax year. For illustration only. This is a guideline to help you plan, not tax advice: a registered tax practitioner must review and approve the final figures before you file.