Episode 3: Clarifying Misconceptions about Crypto Tax

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: Jashwin Baijoo, Associate Director, and Head of Crypto Asset Compliance at Tax Consulting South Africa. Wiehan Olivier, Partner as well as FinTech & Digital Assets Lead for Forvis Mazars in South Africa. ------------------------------------------------------------------ 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.

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