FAQ Blog Q&A Calculators Students Logbook Contact
20 Days Remaining of Tax Season 2019! Click here to file your tax return with TaxTim now.

Bitcoin and Tax

Posted 8 January 2018 under Tax Q&A

Blog Categories

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Shaun says:
6 January 2018 at 18:03

Are the earnings from Bitcoin taxable?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
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.

Get SARS Tax Deadlines in your Inbox

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories