Cryptocurrency tax principles for South Africans

Cryptocurrency tax principles for South Africans SARS applies the normal income tax rules when it comes to Cryptocurrencies, in fact, the term Cryptocurrency is not even defined in the Income Tax Act. So, if you have bought and sold Cryptocurrency in the recent past what does that mean for you as far as your tax is concerned? Here is a short summary: The tax treatment of crypto assets would essentially…  Read more

TAX PLANNING – WHAT IS IT?

Tax planning starts with a very simple set of key objectives and can vary from person to person. The primary objective of most people when it comes to tax is peace of mind. Peace of mind knowing that you are tax compliant. To be tax compliant means that you are up to date with all your SARS returns and don’t owe SARS any money. The simplest way of proving that…  Read more

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