Does Binance report to SARS?

Not publicly confirmed — assume SARS can find out.

Binance is an offshore exchange. It is not a SARS-registered local platform, but SARS can request data and CARF expands cross-border information sharing.

What CARF changes from 1 March 2026

From 1 March 2026 South Africa applies the OECD Crypto-Asset Reporting Framework (CARF). Licensed crypto platforms report account and transaction data to SARS, and SARS already receives data from local exchanges and bank rails. The safe assumption is that SARS can see your activity — so the goal is a complete, reconciled return, not staying unnoticed.

What this means for you

Whether or not Binance reports, you are responsible for declaring your crypto gains and income to SARS. The practical move is to reconcile every transaction — trades, transfers, fees and rewards — into a complete picture and file accordingly.

Coinfig connects Binance and your other accounts, applies SARS FIFO cost basis, and produces a capital-gains and income summary with a Data Completeness Score so you know nothing is missing.

Build my SARS report Binance import guide

Frequently asked

Does Binance report to SARS?
Not publicly confirmed — assume SARS can find out. Binance is an offshore exchange. It is not a SARS-registered local platform, but SARS can request data and CARF expands cross-border information sharing.
Will CARF change what SARS can see?
From 1 March 2026 South Africa applies the OECD Crypto-Asset Reporting Framework (CARF). Licensed crypto platforms report account and transaction data to SARS, and SARS already receives data from local exchanges and bank rails. The safe assumption is that SARS can see your activity — so the goal is a complete, reconciled return, not staying unnoticed.
Do I still owe tax if Binance does not report?
Yes. Your tax obligation does not depend on whether a platform reports. Every disposal — selling for rand, swapping coins, or spending crypto — is a taxable event you must declare to SARS, regardless of reporting. This is general information, not tax advice.

This page is general information, not tax advice. Reporting practices change; confirm your position with a registered tax practitioner.