Overview

This webinar offers a detailed guide to cryptocurrency tax compliance in South Africa. It addresses key distinctions between capital gains and income tax in various crypto transactions—such as selling, swapping, spending, gifting, mining, staking, and airdrops—and unpacks SARS's current guidance on these matters. The session also examines VAT implications, estate duty considerations, and how SARS employs AI and international data-sharing agreements to track crypto transactions. Attendees will also learn about record-keeping best practices for accurate tax reporting.

Webinar Content

The content is divided into four modules:

Introduction

• Overview of the legal and compliance complexities surrounding cryptocurrency taxation.

Module 1: Capital vs Income

• Explores whether a transaction is capital or revenue in nature, based on taxpayer intention, frequency of trades, and other case law indicators. Defines distinctions between investors (capital gains) and traders (revenue income).

Module 2: Crypto Capital Gains Tax (CGT)

• Covers disposal events (selling, swapping, spending, gifting) that trigger CGT. Explains how to calculate CGT and clarifies that crypto assets are not "personal use assets".

Module 3: Crypto Income Tax

• Discusses events that lead to income tax—such as receiving crypto payments, mining, staking, and NFT creation/sales. Also covers arbitrage and mining profit calculation.

Module 4: FAQs and Compliance

• Addresses VAT treatment, estate duty, SARS’s tracking tools, and treatment of airdrops, hard forks, and donations. Highlights the importance of comprehensive record-keeping and introduces tools and firms that assist with crypto tax compliance.

Competencies Developed

By the end of the webinar, participants will be able to:

• Understand how cryptocurrency is currently treated under South African tax law.
• Apply SARS guidance to distinguish between capital and income tax implications.
• Identify taxable events in crypto transactions and understand the relevant compliance obligations.
• Maintain appropriate records for tax reporting and utilize available resources and software to support compliance.

Presenter

Nestene Botha

Nestene Botha is a registered Chartered Accountant and the Academic Programme Leader for the BCom Accounting Programme at Mancosa. With a Masters Degree in Auditing Education, she has worked with approximately 10 higher education institutions globally and is deeply passionate about education. Nestene has a keen interest in Artificial Intelligence and its applications in the accounting profession, integrating AI and technology into her lectures and research. She is recognized as one of the top 35 under 35 Chartered Accountants in South Africa by SAICA and one of the top 50 women in accounting worldwide by Practice Ignition. Additionally, she is a co-founder of Explore ProTech, an entrepreneurial haven with the vision of saving the global economy - one small business at a time.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of CPD.

Event Investment

Free for Tax Technician, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R460.00
• Special rate for SAIT members:  R368.00
• Group booking discounts available when you register for a group.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.