NFT crypto tax, handled
NFTs are taxed like any other crypto asset in South Africa: the question is whether each disposal is capital or revenue, and what your base cost was. Coinfig reconstructs that from the chain.
What Coinfig handles
- NFT purchases with mint and gas costs folded into base cost
- Sales and transfers classified as disposals for CGT or revenue
- Royalty receipts treated as income at rand value
- The crypto leg of every trade (ETH/SOL paid or received) tracked for FIFO
Scope & coverage
Coinfig reads NFT transfers on the EVM chains and Solana it supports. Off-chain marketplace fees not visible on-chain can be added via CSV so your base cost is complete.
Frequently asked
Are NFTs taxed in South Africa?
Yes. SARS treats NFTs as crypto assets, so buying with crypto, selling, and earning royalties are taxable events. Coinfig classifies each one. This is general information, not tax advice.
How does Coinfig work out NFT base cost?
It combines the purchase price, mint cost and gas paid, valued in rand, then applies FIFO when you dispose of the asset.
Does Coinfig track NFT royalties?
Yes — royalty receipts are captured as income at their rand value on the date received.
This page is general information, not tax advice. Confirm your position with a registered tax practitioner.