The South African Revenue Service (SARS) has released its long-awaited Draft Guide to the Taxation of Crypto Assets offering what may be its clearest explanation yet of how existing tax laws apply to cryptocurrency transactions.
Rather than introducing a new tax regime, the draft outlines how current income tax and capital gains tax (CGT) rules apply to activities such as trading, mining, staking, donations and crypto-to-crypto transactions. The guide is open for public comment until Aug. 31, 2026.
According to Tertius Troost, a tax specialist at RSM South Africa, the draft’s main contribution is…
