South Africa: Implementation of cryptoasset reporting framework (CARF) and CRS amendments
Effective March 1, 2026
The South African Revenue Service (SARS) on November 28, 2025, announced the promulgation of regulations to implement the OECD’s cryptoasset reporting framework (CARF), as well as the OECD’s amendments to the common reporting standard (CRS 2.0) within South Africa’s domestic framework. These regulations will become effective on March 1, 2026.
This development follows a public consultation on the draft regulations issued by SARS, which ran from September 15 to October 3, 2025.
Read a December 2025 report prepared by the KPMG member firm in South Africa