Taxman tightens his grip on crypto traders

The buccaneering days of hiding crypto transactions from the taxman are probably over.

- Ciaran Ryan

The new Crypto-Asset Reporting Framework (Carf), now open for public comment, will require crypto asset service providers (Casps) to identify their users and report transactions above a certain threshold to the South African Revenue Service (Sars) annually.

The deadline for public comment is 3 October, 2025. The framework is an international standard developed by the Organisation for Economic Cooperation and Development (OECD) to bolster tax transparency in the crypto sector and allow for sharing of information on transactions between participating jurisdictions.