South Africa: South African Revenue Service closes consultation on draft Crypto-Asset Reporting Framework (CARF) Regulations

On 3 October 2025, the South African Revenue Service (SARS) closes the public consultation on the draft Crypto-Asset Reporting Framework (CARF) Regulations. The draft regulations were issued under Section 257 of the Tax Administration Act, 2011 (Act No. 28 of 2011) and implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework International Standard for the Exchange of Tax-Related Information between Countries, as adopted by the OECD Committee on Fiscal Affairs in 2023. The draft regulations set out rules and commentary for Reporting Crypto-Asset Service Providers, define due diligence and reporting requirements, incorporate the CARF Multilateral Competent Authority Agreement (MCAA), and prescribe schema formats for reporting. The regulations repeal earlier provisions where applicable and are scheduled to enter into force on 1 March 2026.