Clarifying Misconceptions about Crypto Tax

There’s a widespread misconception that crypto asset transactions are completely anonymous and untraceable. While the blockchain is a public ledger, making transactions pseudonymous (sooy-doh-no-mus) rather than fully anonymous, it’s crucial to understand that tax authorities like SARS typically rely on exchanges for transaction data when determining tax liabilities. Wiehann and Jashwin, share some of the most common misconceptions about the taxation of crypto assets in South Africa, on this episode.

Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by some leading experts who will help demystify the world of crypto tax:

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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.

Every tax season, questions about crypto tax liabilities spike in online forums, media, and even through our customer support channels. Some say that all regular tax rules apply to crypto, but even that isn’t always clear in its application. Dale shares instances when crypto transactions are actually tax-free, on this episode.

Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:

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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.

It’s tax season in South Africa, and as you gather your documents and prepare to file your return, you might be wondering—what about your crypto transactions? Do they fall under the same tax rules? Are you liable for taxes on your crypto holdings? On this episode, we’re here to answer those questions.

Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by some leading experts who will help demystify the world of crypto tax:

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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.

Join our South Africa Country Manager and host, Christo de Wit, as he helps the country’s residents navigate this year’s tax season and what to do about their crypto. He’s joined by top tax experts, including: Jashwin Baijoo, Associate Director and Head of Crypto Asset Compliance at Tax Consulting South Africa; Wiehann Olivier, Partner and FinTech & Digital Asset Lead at Forvis Mazars; and Dale Russell, Director of TrustReserves Solutions and Moore Blockchain & Digital Assets Johannesburg.

Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.

Listen in as South Africa’s very own electro-hop duo Locnville talk all things crypto, from how they got started using Luno, to their thoughts on #NFTs and the #metaverse, and #crypto adoption.

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This is a recording of a live event that took place on 13 October 2021. Any competitions, promotions, polls or giveaways mentioned in the recording were only valid during the live event.

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