South Africa is tightening crypto tax oversight as SARS publishes new technical reporting rules aligned with global standards.
The South African Revenue Service has released version 0.1.5 of its Crypto-Asset Reporting Framework (CARF) External Business Requirement Specification. The framework, developed by the Organisation for Economic Co-operation and Development, aims to improve global tax transparency for crypto transactions.
Under the rules, Reporting Crypto-Asset Service Providers (RCASPs) must collect detailed customer data, record transactions, apply due diligence checks, and submit structured XML reports to SARS.
Domestic reporting is expected to begin in September 2026, with automatic international information exchange starting in September 2027. This positions South Africa among early adopters of the OECD’s crypto transparency system. For crypto companies, compliance systems must be upgraded. For users, it confirms that crypto transactions fall squarely within South Africa’s formal tax framework.
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