Calculate cryptocurrency tax for Bitcoin, Ethereum, and altcoins. Understand the difference between capital gains tax (CGT) and trading income tax to stay SARS-compliant.
Calculate crypto CGT & trading income tax with SARS compliance
SARS determines tax treatment based on your trading activity
Exchange fees, network fees, etc.
Helps determine if classified as trading
✓ Likely qualifies as capital gain if held as investment.
You'll pay R0 in CGT on your crypto gain, leaving R29,500 net profit.
SARS treats cryptocurrency as an asset, not currency. How your crypto gains are taxed depends on whether you're investing (capital gains) or actively trading (income tax).
Long-term holding: R40K exclusion, 40% inclusion rate, lower effective tax
Frequent trading: Taxed as regular income at marginal rate (18-45%)
>50 trades/year or <3 month holding may be classified as trading
Track all transactions, fees, dates for accurate tax reporting
Long-term investment (>1 year): Capital Gains Tax applies. R40K annual exclusion, 40% inclusion rate.
Frequent buying/selling: Likely classified as trading income. Taxed at marginal rate (18-45%).
Trading BTC for ETH: Taxable event. Must calculate gain/loss in ZAR at time of swap.
Mining, staking, airdrops: Taxed as income at ZAR value when received. Cost basis for future sales.