Webinar: Taxation of Crypto Assets


Date: Sep 20, 2021 - Sep 20, 2021

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Chris Herbst

Cryptocurrency is sure to shape the future of how we transact. The South African Revenue Service (SARS) has taken a keen interest in enforcing compliance with taxation on cryptocurrency.

#WATCH I Crypto assets are sure to shape the future of how we transact. SARS has taken a keen interest in enforcing compliance with taxation on crypto assets. Tax practitioners have no choice but to understand crypto assets and the taxation issues thereof.

Overview

Crypto assets are sure to shape the future of how we transact. SARS has taken a keen interest in enforcing compliance with taxation on crypto assets. Tax practitioners have no choice but to understand crypto assets and the taxation issues thereof.


Webinar content

In this webinar, we will specifically discuss the following:

  • What is a crypto asset?
  • Why is cryptocurrency not a currency?
  • What are SARS's views on crypto assets?
  • What are the different income sources of crypto assets?
  • How to deal with the crypto asset question in the context of income vs capital gain.
  • When does a taxable event occur?
  • Dealing with trading stock valuation.
  • Ring-fencing of assessed losses.
  • How to value crypto currency for calculations.
  • What is the VAT consequences of dealing with crypto assets?
  • How to complete crypto assets revenue and or capital gains/losses on the ITR12.

Who should attend?

Tax managers/consultants, heads of tax, financial directors, accountants.


Presenter

Chris Herbst

Honours Business Management, Computer Science, Certified Bitcoin Professional

Chris Herbst is the managing director at CH Consulting. He completed an Honours in Business Management at the University of Stellenbosch in 2008. Subsequently, he continued his studies in taxation, commercial law and auditing while doing his articles at a Stellenbosch firm. In 2012, he founded CH Consulting which provides accounting, taxation, and software engineering services. In 2015, he completed a Computer Science degree specialising in Computer Science and Mathematical Statistics at the University of Stellenbosch whilst occupying his role as director. Chris is also a practicing member of the South African Institute of Taxation (SAIT) and a Certified Bitcoin Professional (CBP).


CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points per session.


Event Investment

CPD Subscribers: 100% discount for all 2021 CPD subscribers. Not a CPD subscriber yet? Click here to register now.

Other member: R475.00

Company price: R950.00


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

  • Kindly note that should payment not been received 2 days after the event, legal action will be taken

  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.

  • Only written notice of cancellation will be recognised.

  • Cancellation Conditions:

    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

    • If the cancellation occurs less than 4 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.

  • SAIT'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.

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Venues & Dates

The following venues and dates are available for this event.


Discounts available

The following discounts are available for this event

Tax Accountant - SAAA subs - Crypto Assets: Tax Accountant - SAAA subs - Crypto Assets

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