Crypto tax for South African residents
Crypto tax, reconciled and declared to SARS for you
If you are a South African tax resident, SARS taxes your crypto like any other asset. Selling for rand, trading one coin for another, spending crypto and earning staking or lending rewards can all be taxable. We reconcile your exchanges and wallets, calculate your gains and income, and declare them on your tax return, from R4 495 (ex VAT).
- ★★★★★ 4.7 from 48 Google reviews
- Crypto tax since 2017
- Team registered with SAIT, SAIPA and CIBA
What we handle
- South African and offshore exchanges and wallets
- Staking, lending, mining, liquidity pools and NFTs
- Missing and incomplete transaction data
- A SARS-ready crypto tax report
- Your crypto added to your tax return and filed with SARS
Fixed fees by transaction volume. No hourly billing.
How SARS taxes crypto
When is crypto taxable in South Africa?
SARS treats crypto assets as assets, not currency. A taxable event happens whenever you dispose of crypto or receive it as income, for example when you:
- Sell crypto for rand or another currency
- Trade one crypto asset for another
- Pay for goods or services with crypto
- Earn staking, lending or mining rewards
Whether a gain is taxed as income or as a capital gain depends on your intention and circumstances, which is why accurate records matter.
Read our guide to calculating crypto capital gains
How it works
From exchange exports to a filed return
SARS receives information from crypto platforms, and the Crypto-Asset Reporting Framework (CARF) widens that reporting. Your return needs to match your real transaction history.
- 1
Book a crypto tax call
We look at your exchanges, wallets and activity and recommend the right package.
- 2
Share your data
Our data team helps you export and collect transaction histories from each platform.
- 3
We reconcile and report
We match transfers, fill data gaps, calculate gains and income, and send your report for approval.
- 4
We file with SARS
We add your crypto to your personal tax return and submit it to SARS.
Pricing
Crypto tax packages, priced by transactions
Basic
R4 495 ex VAT per tax year
Up to 500 transactions, including NFTs, staking, lending, liquidity pools and derivatives, with basic tax optimisation.
Standard
R9 995 ex VAT per tax year
Up to 3 000 transactions, plus missing data analysis and transactional tax optimisation.
Premium
R18 995 ex VAT per tax year
Up to 5 000 transactions, including IDOs and OTC trades, with advanced transactional tax optimisation.
Pay provisional tax? Annual crypto tax reports pair with your ITR12, and provisional crypto tax reports pair with each IRP6, at half the annual price: from R2 245 ex VAT per IRP6 period.
Compare crypto packages in fullNot a South African tax resident?
If you file in the US, UK, Canada, Australia or elsewhere, or have complex DeFi activity across many chains, our sister firm CountDeFi prepares crypto tax reports for tax authorities around the world.
Visit CountDeFiQuestions
Crypto tax questions, answered
Do South Africans pay tax on crypto?
Yes. South African tax residents are taxed on their worldwide income, and SARS treats gains and income from crypto assets as taxable. You declare crypto disposals and crypto income on your annual tax return, either as capital gains or as income depending on your intention and circumstances.
Is trading one crypto for another taxable?
Yes. A crypto-to-crypto trade is a disposal of the asset you give up, even if you never convert to rand. The gain or loss is the difference between the value of what you received and the base cost of what you gave up.
How does SARS know about my crypto?
SARS receives information from crypto platforms and financial institutions, and the Crypto-Asset Reporting Framework (CARF) extends that reporting to crypto service providers. It is safer to declare correctly before SARS asks.
What if some of my exchange data is missing?
It is common. Our Standard and Premium packages include missing data analysis, where we trace and fill gaps such as transfers between wallets or closed exchange accounts before calculating your tax.
How much does a crypto tax report cost?
Our annual crypto tax reports, which pair with your ITR12, are priced by transaction volume: Basic is R4 495 for up to 500 transactions, Standard is R9 995 for up to 3 000, and Premium is R18 995 for up to 5 000, all per tax year and excluding VAT. Provisional crypto tax reports, which pair with each IRP6, are half the price: R2 245, R4 995 and R9 495 per IRP6 period, for up to 250, 1 500 and 2 500 transactions.
I am not a South African tax resident. Can you help?
CH Consulting focuses on South African taxpayers. For crypto tax in other countries, our sister firm CountDeFi prepares reports for tax authorities worldwide.
Get your crypto right with SARS
Book a crypto tax call. We will look at your exchanges and wallets and tell you which package fits.