South Africa’s Revenue Service has released draft guidance explaining how cryptocurrencies could be taxed under the country’s existing Income Tax Act. The proposal outlines the tax treatment of crypto trading, swapping, spending, and donations while distinguishing between traders and investors based on their intent. The draft remains open for public consultation until the end of August and, if adopted, could affect millions of crypto holders across South Africa.
South Africa Proposes Crypto Tax Guidance Under Existing Framework
