“The future of money is digital currency” (Bill Gates)
If you are thinking of buying – or have bought - any “crypto asset” such as a cryptocurrency like Bitcoin, Ethereum, XRP, Tether, Polkadot (or any of the many other crypto currencies springing up all over the place), be aware of the tax implications.
As a start, read the new SARS webpage “Crypto Assets and Tax” here, first published on 27 August 2021 and providing guidance on (at date of writing – expect this webpage to evolve!) these questions –
There are still grey areas here – and many pitfalls - so be sure to take specific professional advice!
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