The Crypto-Asset Reporting Framework is live. SA exchanges report to SARS. Check your exposure in 2 minutes.
1.Do you hold crypto on a SA exchange (Luno, VALR, AltCoinTrader)?
2.Do you hold crypto on international exchanges (Binance, Kraken, Coinbase, etc.)?
3.Have you declared crypto gains to SARS before (on your ITR12)?
4.Do you have records of all your buy/sell transactions?
5.Do you know your cost base (purchase price in ZAR) for each holding?
6.Have you heard of SARS' Voluntary Disclosure Programme (VDP)?
7.Did you know SA exchanges now automatically report to SARS?