SARS updates crypto reporting rules with new CARF and CRS regulations, effective 1 March 2026.
The South African Revenue Service (SARS) has issued new regulations implementing the OECD Crypto-Asset Reporting Framework (CARF) and revising the Common Reporting Standard (CRS) related to crypto assets. The updates include enhanced due diligence and reporting obligations and replace previous regulations.
This announcement was made on 28 November 2025.
The following regulations have been promulgated, which go into effect on 1 March 2026.
- Regulations for purposes of paragraph (c) of the definition of “international tax standard” in section 1 of the Tax Administration Act, 2011, promulgated under section 257 of the Act, specifying the changes to the OECD Crypto-Asset Reporting Framework International Standard for the Exchange of Tax-Related Information between Countries
- Regulations for purposes of paragraph (a) of the definition of “international tax standard” in section 1 of the Tax Administration Act, 2011, promulgated under section 257 of the Act, specifying the changes to the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters
These measures will take effect on 1 March 2026.
