South Africa: Implementation of cryptoasset reporting framework (CARF)
Effective March 1, 2026
The South African Revenue Service (SARS) on March 6, 2026, announced the implementation of the OECD’s cryptoasset reporting framework (CARF)—effective March 1, 2026—within South Africa’s domestic regulatory framework.
From this date, reporting cryptoasset service providers (RCASPs) with a South African nexus must collect certain cryptoasset transaction information relating to their customers (cryptoasset users) and submit it annually to SARS by May 31 of the following year.
Read a March 2026 report prepared by the KPMG member firm in South Africa