South African cryptocurrency taxes solved

Simplify your crypto tax return and let Recap crunch the numbers for you. Recap calculates your capital gains and income taxes and auto generates all the data you need for SARS.

SA cryptocurrency tax reports

The basics of crypto tax for South Africa

The lowdown on what's taxable, how it should be treated, how and where to report and what rate of tax you can expect to pay.

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Fast crypto tax facts

Tax authority
SARS (South African Revenue Service)
Current filing tax year
2021
Filing tax year dates
1 March 2021 to 28 February 2021
Filing deadline
31 October 2022
Applicable taxes
Capital Gains Tax, Income Tax & others
Capital Gains rates
Personal income rate: 45% + top marginal capital gains rate: 18%
Declared by
Annual Tax Return
Useful links

What's actually taxable?

From selling to airdrops, here are the major crytpo activities that need to be considered for tax in South Africa.

Selling crypto for fiat
Selling crypto for fiat
Trading crypto to crypto
Trading crypto to crypto
Paying for goods & services with crypto
Paying for goods & services with crypto
Mining crypto
Mining crypto
Earning crypto
Earning crypto
Rewards from staking, lending & referrals
Rewards from staking, lending & referrals
Gifting or donating crypto
Gifting or donating crypto
Airdrops
Airdrops

How Recap works

1

Import your data

Connect to the top exchanges, upload CSV files and import transactions manually.

2

Check your gains and losses

See all your crypto holdings and view all historic trades and transactions. Check your capital gains.

3

Download your tax report

Download your tax reports.

How it works

How does Recap value a crypto asset?

Fair Value means the market value of an asset. In line with SARS guidance, our platform finds the most recent price on the exchange where you traded a given asset.

Sounds sensible?... Not all tax calculators take this approach making Recap one of the most accurate tax calculators around.

What's the FMV?

Frequently Asked Questions

How does SARS treat crypto assets for tax??
SARS has stated that crypto will be taxed using existing tax rules in South Africa. This means that depending on your situation, you may need to pay income or capital gains taxes on your trades.
Will SARS know if I have been trading crypto?
Possibly. SARS has extensive powers to demand that exchanges hand over information about individuals within their jurisdiction. If they don't already know, it's safe to assume they will soon. We recommend being proactive and declaring everything now.
Will Recap share my data with SARS?
No. Recap is end-to-end encrypted and only you hold the keys to your data. This means that we are technically unable to comply with a demand for data should we be asked to hand anything over as we are unable to read any data we hold.
Can you Recap a crypto tax advisor?
Absolutely! Recap works closely with a number of crypto tax advisors and we are happy to make an introduction for you.

Don't trade security for convenience.
Have both with Recap.