Individuals Tax
Module 1: Taxation of Crypto Assets
Duration: 1 hour
Price: R99.00
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Module 1: Taxation of Crypto Assets
Presenters : Chris Herbst
This webinar on demand is part of a series of webinars. Click here to read more
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.
Video Content
In this video, 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.