South Africa‘s tax authority released a draft guidance last July 1 to clarify how “crypto” assets are taxed under the existing income and capital gains tax framework, inviting public comments until August 31.

The South African Revenue Service (SARS)—the African nation’s tax-collecting authority—has published a “Draft Guide to the Taxation of Crypto Assets,” which applies the country’s capital gains tax rules and existing tax framework under the Income Tax Act of 1962.

The…