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Crypto Tax in South Africa

A structured summary of how individual crypto taxation works in South Africa — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — South Africa

General Information

Default Framework
IFRS
Crypto Classification
Intangible Asset, Inventory
Tax Year
Fiscal Year (M2)
Functional Currency
ZAR
FX Source (Reporting)
SARB
FX Source (Tax)
SARS
Transaction Rate
Daily Spot
Hyperinflationary
✗ No

Individual Tax — Regime

Tax Regime
Capital Gains
CGT with 40% inclusion rate for individuals. Annual exclusion ZAR 40K.
Tax Rate
18%
40% inclusion rate × max 45% marginal rate = 18% effective max. Annual exclusion ZAR 40K.

Individual Tax — Cost Basis

Measurement Basis
Historical Cost
Cost Method
FIFO
Method Electable
✓ Yes
Permitted Methods
FIFO, Specific ID, WAVG
Country Override
INCLUSION RATE

Individual Tax — Exemptions

CGT Exempt
✗ No
Holding Period
HP Benefit
Annual Exemption
ZAR 40,000
Threshold Exemption

Individual Tax — Anti-Avoidance

Wash Sale
✗ Off
Same-Day Rule
✗ No
Superficial Loss
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited
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Is crypto taxed for individuals in South Africa?

South Africa applies a Capital Gains treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does South Africa use?

See the cost-basis section above for the default method and the alternatives South Africa permits for individuals.

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