Our bitesize audio blogs take you through all you need to know about Bitcoin, Ethereum, blockchain and more. Whether you're new to the space or an OG, there's a...
Episode 13: How to Legally Reduce your Crypto Tax Bill
How to Legally Reduce your Crypto Tax Bill
While you can’t completely avoid crypto taxes, there are several legal strategies you can use to plan your taxes and reduce your overall liability. What strategies, such as harvesting unrealized losses, utilising tax rebates, and other legal steps to lower your crypto tax burden? We answer this question, on this episode.
Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:
Dale Russell, Director of TrustReserve Solutions Limited and Moore Blockchain and Digital Assets JHB.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
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6:21
Episode 12: How to Calculate your Crypto Tax
How to Calculate your Crypto Tax
Crypto tax calculations in South Africa generally fall under either Capital Gains Tax or Income Tax. Traders are taxed on their entire crypto profits, deducting any allowable expenses, at their normal income tax rate. Investors, on the other hand, are taxed on 40% of their capital gains, with an annual allowance of R40,000. What are key methods used to calculate crypto tax for both traders and investors? On this episode, we answer this question.
Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:
Dale Russell, Director of TrustReserve Solutions Limited and Moore Blockchain and Digital Assets JHB.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
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6:37
Episode 11: How much Tax do you Pay on Crypto
How much Tax do you Pay on Crypto
The tax on crypto in South Africa varies based on the transaction type, the applicable tax rule, and your income level. How much tax South Africans should expect to pay on different crypto transactions? On this episode, we answer this question.
Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:
Dale Russell, Director of TrustReserve Solutions Limited and Moore Blockchain and Digital Assets JHB.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
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3:24
Episode 10: Getting Paid in Crypto
Getting Paid in Crypto
Receiving payments in crypto, whether for services or as a salary, is becoming more common.What are the tax implications when accepting payments in crypto? On this episode, we’re here to answer those questions.
Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:
Wiehan Olivier, Partner as well as FinTech & Digital Assets Lead for Forvis Mazars in South Africa.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
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4:09
Episode 9: Paying for Goods and Services with Crypto
Paying for Goods and Services with Crypto
Using products like Luno Pay, paying with crypto has become easier. For example, at Pick n Pay, you can use your Luno app to scan a QR code at the till and pay with crypto. What are the tax implications when paying for goods and services with crypto? We answer this question, on this episode.
Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax:
Wiehan Olivier, Partner as well as FinTech & Digital Assets Lead for Forvis Mazars in South Africa.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
Our bitesize audio blogs take you through all you need to know about Bitcoin, Ethereum, blockchain and more. Whether you're new to the space or an OG, there's a variety of topics to dive into. Written, read and curated by the content team at Luno.