Bitcoin and Tax

By Nicci Courtney-Clarke · Updated

Shaun

Shaun said:
6 January 2018 at 18:03

Are the earnings from Bitcoin taxable?
TaxTim Nicci

TaxTim Nicci said:
8 January 2018 at 8:22

SARS have issued guidance stating bitcoin is to be treated as a normal share trade. So, if you're trading it for revenue purposes then the gains and losses will be treated as a revenue transaction and taxed similar to a salary. If you hold it for investment purposes then this would be treated as if it were a normal capital gain on sale.