Taxation on
Crypto Assets

Date: 29 July 2021 | Time: 09h00 - 11h00
Presented by Diane Seccombe, Mazars Academy
As stated in many news publications and media releases from SARS, the taxation of crypto assets will be an audit focus of SARS and taxpayers have been warned to ensure they are compliant in this regard. 
  • 2.00 hours verifiable CPD
  • Completion certificate issues after completing multiple choice questions
  • Competency area - Taxation
Online tax training presented by Diane Seccombe

Please get in touch for bulk enrolment options and discounts offered for your staff.

What to expect from this course

Taxation master class
As stated in many news publications and media releases from SARS, the taxation of crypto assets will be an audit focus of SARS and taxpayers have been warned to ensure they are compliant in this regard. SARS has further indicated an increased capacity to trace crypto asset transactions and the annual return for individual taxpayers has been amended to ensure taxpayers understand disclosure of the relevant transactions is not optional.
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In this session we will look at some of the common crypto asset transactions and their tax consequences, which will include, inter alia, the following topics:
  • Are you an investor or a trader? 
  • What are the tax consequences of trading vs investing.
  • Evidence to prove our intention.
  • Does the three (3) year rule apply?     
  • Income from crypto assets.
  • Interest, mining and staking rewards.
  • Proceeds on disposal and translating foreign proceeds into rands.
  • Relevant deductible expenses.
  • Base cost vs trade expenses.
  • Translating foreign expenses into rands.
  • Ring-fencing of crypto trade losses.
  • Local and foreign.
  • Disclosure in ITR12.
  • Changes in ITR12 in relation to crypto assets.
Who should attend this online training session:
  • Any taxpayers involved, or contemplating an involvement in crypto assets.
  • Tax specialists.
  • Tax practitioners involved in submission of tax returns.
  • Practicing accountants and lawyers.
  • Persons involved in financial advisory services and estate planning.
Course Presenter
CPD Information
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Course Presenter

More information about the course presenter

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Diane Seccombe

Admitted Attorney, BCom, LLB, LLM (Taxation)
Diane Seccombe is an admitted attorney with a masters degree in taxation. She has over 15 years of experience with taxation. Diane is currently the National Head of Taxation at Mazars Academy and in this capacity provides tax training to professional institutes, banks, financial service providers and financial planners. She is also well known amongst students for her tax lectures at post graduate level. Diane consults on income tax matters including, corporate, individual and international tax and is an expert in VAT.
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CPD Information

Continual Professional Development

This course is appropriate for CPD and after completion of the course, you will be issued with a certificate of completion that can be used for reporting purposes. Certain professional bodies require specific accreditation for CPD. Refer below for more information on this. You will be required to complete a self-assessment and have to achieve at least 60% and will have 3 attempts to do so before the platform will automatically issue you with a certificate of completion. 

Specific accreditations

This course is specifically accredited by the Financial Planning Institute of Southern Africa (FPI). This course is also accredited by the South African Institute of Tax Professionals.

Professional bodies

This course will also qualify for CPD for other professional bodies. If you are unsure if this course will be recognised as a CPD event by your professional body, let us know and we can assist.
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