Taxation of Crypto Assets

As stated in many news publications and media releases from SARS, the taxation of crypto assets will be an audit focus of SARS and taxpayers have been warned to ensure they are compliant in this regard.

In this session we will look at some of the common crypto asset transactions and their tax consequences, which will include, inter alia, the following topics:

Are you an investor or a trader?
What are the tax consequences of trading vs investing.
Evidence to prove our intention.
Does the three (3) year rule apply?
Income from crypto assets.
Interest, mining and staking rewards.
Proceeds on disposal and translating foreign proceeds into rands.
Relevant deductible expenses.
Base cost vs trade expenses.
Translating foreign expenses into rands.Ring-fencing of crypto trade losses.
Local and foreign.
Disclosure in ITR12.
Changes in ITR12 in relation to crypto assets.

Anyone that wants to obtain better understanding of the taxation of crypto assets.
Any taxpayers involved, or contemplating an involvement in crypto assets.
Tax specialists.
Tax practitioners involved in submission of tax returns.
Practicing accountants and lawyers.
Persons involved in financial advisory services and estate planning.

This course is in the format of a recorded online masterclass. The course is therefore pre-recorded. The course qualifies for 2 hours verifiable CPD and is accredited by the FPI and SAIT.

You will be required to complete a set of multiple choice questions at the end before the platform will issue you with a certificate of completion.

Write your awesome label here.

We will help you unlock your inner potential so you can excel in your understanding of the taxation implications on crypto related transactions.

Diane Seccombe is an admitted attorney with a masters degree in taxation. She has over 15 years of experience with taxation. Diane is currently the National Head of Taxation at Mazars Academy and in this capacity provides tax training to professional institutes, banks, financial service providers and financial planners. She is also well known amongst students for her tax lectures at post graduate level. Diane consults on income tax matters including, corporate, individual and international tax and is an expert in VAT.