07/10/2026
Holding crypto through a foreign exchange or offshore account does not remove your South African tax obligations.
As a South African tax resident, you are required to declare worldwide income and capital gains, regardless of where your crypto is held or traded.
SARS now receives taxpayer data through agreements with more than eighty jurisdictions under the Common Reporting Standard, giving it visibility into activity many assume is hidden.
Believing your offshore crypto is beyond SARS' reach is a costly misconception.
The gap between what you assume and what SARS can see is closing fast. Get specialist advice before making assumptions: https://bit.ly/4nhwN2L