Individual Tax Return Services - Crypto Tax Consulting




Should You Submit a Return This Tax Season?

The 2023 Tax season is upon us and there is not better time to ensure that your tax affairs are in order.

The South African Revenue Services (SARS) has confirmed that the filing date will be 1 July 2022 to 24 October 2022 and registered provisional, individual taxpayers, who file via the E-filing portal, 1 July 2022 – to 23 January 2023.

At Crypto Tax Consulting, a division of Tax Consulting South Africa, we offer a holistic and effective service in the calculation of crypto gains and losses, and the filing of your income tax return, provisional income tax returns and any tax-related issues; thus, providing an end-to-end solution.

See our FAQs to find out more about crypto tax, or contact us for a consultation.


You pay taxes when you:

  • Sell crypto for fiat
  • Swop one coin for another
  • Receive rewards, airdrop, interest, etc.

The rate at which you pay taxes on crypto depends on whether you are a trader or an investor.

  • If you are a trader, your profits will be added to your taxable income, and you will be taxed according to your tax bracket.
  • If you are an investor, you will be paying an effective 18% on gains.

You are currently not permitted to send crypto outside of South Africa. You may, however, purchase crypto abroad via credit or debit card and send this back to South Africa.

Please note that you only have a R1mil yearly allowance to buy crypto abroad without any approval from the SARB/SARS. If you spend more than this allowance, seek approval first.

We can claim the cost of that specific crypto as a deduction if adequate proof has been obtained for the stolen crypto.

Your crypto taxes will also have to be filled on the following dates:

In your yearly tax submission that is due to open on 1 July 2022.

If you are registered provisional taxpayer, you will also have to file in August and February of every year.


23 OCTOBER 2023

Type of Taxpayer: Non-Provisional and provisional taxpayers
Channel: Manually at a SARS Branch (appointment basis)

23 OCTOBER 2023

Type of Taxpayer: Non-Provisional taxpayers
Channel: File electronically

23 OCTOBER 2023

Type of Taxpayer: Provisional taxpayers
Channel: File electronically


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