Staking and yield activity can create taxable receipts or accruals before tokens are sold. Apply the ordinary tax principles to the actual arrangement rather than assuming one fixed crypto withholding rate.
What should I record when a reward arises?
Keep the protocol or provider, entitlement terms, date, token amount and documented ZAR valuation. Note lockups and whether you can access the reward; complex timing questions deserve advice.
Why keep the later sale separate?
A later disposal is another event. Reconcile proceeds and the relevant base cost, including the prior income treatment where applicable. Its capital or revenue character depends on the facts; it is not automatically CGT.
What about liquidity pools?
Depositing, receiving pool tokens, earning fees and withdrawing can have different consequences. A change in economic value alone does not tell you whether a deductible loss has occurred. Keep the transaction trail and contract terms.
Which return code applies?
Use the current return instructions and advice for the income’s nature and source. An international protocol name does not by itself choose a foreign-income source code.
What should I prepare for a practitioner?
Bring a timeline of each receipt and disposal, reconciled valuations and the records of what you received in exchange for deposited tokens. Do not send us seed phrases or private keys. Read the wallet-security guide and ITR12 preparation checklist.