HOW TAX WORKS ON CRYPTOS!!! (SA 2022)

Crypto Taxes | Tax on Cryptocurrency In this video I did and interview with Thomas Lobban from Crypto Tax Consulting SA. Check out their website here - www.cryptotaxconsulting.co.za Here are the questions we discussed: https://www.seevid.ir/fa/w/wmDtM446iCc - intro https://www.seevid.ir/fa/w/wmDtM446iCc - When must tax be taken into account with cryptocurrency? https://www.seevid.ir/fa/w/wmDtM446iCc - Will my cryptocurrency profits be subject to capital gains tax or normal tax? https://www.seevid.ir/fa/w/wmDtM446iCc - If I have been mining cryptocurrency, can I claim deductions for the equipment and utility bills? https://www.seevid.ir/fa/w/wmDtM446iCc - Can I offset a loss in my crypto trading activities against any future gains? https://www.seevid.ir/fa/w/wmDtM446iCc - If I have not withdrawn any money from the platform, do I still pay tax on profits / gains? https://www.seevid.ir/fa/w/wmDtM446iCc - How are crypto assets valued, and what proof does SARS require? https://www.seevid.ir/fa/w/wmDtM446iCc - Am I allowed to transfer crypto assets from South Africa to another country? https://www.seevid.ir/fa/w/wmDtM446iCc - What if I deposit to and withdraw crypto from a platform through a foreign bank account? https://www.seevid.ir/fa/w/wmDtM446iCc - Will SARS ever find me if I dont declare my crypto currency transactions? Interview with Thomas Lobban About Thomas Legal Manager for Cross-Border Individual and Crypto Asset Taxation at Tax Consulting South Africa. Co-author of the LexisNexis textbook, "Expatriate Tax: South Africans Working Abroad and Foreigners in South Africa". Skilled in providing personal, corporate and international tax solutions. Registered tax practitioner with an LLM in Tax Law from the University of Johannesburg. Thomas’ masters’ thesis specifically focused on the implications of cryptocurrency as a financial instrument in the Income Tax Act from a commercial perspective. Legal Disclosure: The information contained in this video is for educational purposes only. Before investing, please consult a licensed professional.

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