SimplePay crypto tax report

Coming soon

Paid in crypto? Coinfig values crypto remuneration in rand at receipt so you can capture it in SimplePay for correct PAYE. SARS-aware, not tax advice.

  • CSV upload
Generate my SimplePay report All integrations

How to connect SimplePay to Coinfig

  1. Identify crypto paid as remuneration

    In Coinfig, isolate crypto received as salary or for services (not investment gains).

  2. Get the rand value at receipt

    Coinfig values the crypto remuneration in rand on the date received.

  3. Capture in SimplePay

    Record the rand-valued amount as a payroll item in SimplePay so PAYE is applied correctly.

  4. Keep the Coinfig record

    Retain the Coinfig valuation as supporting evidence.

Transaction types supported

Transaction typeSupportedNotes
Crypto salary / wages Yes Valued in rand at receipt for PAYE in SimplePay.
Crypto paid for services Yes Income at rand value on receipt.
Investment capital gains No Not payroll — handled in your ITR12 via Coinfig, not SimplePay.
Staking / rewards No Investment income, not remuneration.

Known limitations

  • SimplePay is for remuneration (PAYE) only; investment gains and staking are not payroll items.
  • Coinfig provides the rand valuation; your payroll administrator captures it in SimplePay.

SimplePay tax FAQ

How does Coinfig help with SimplePay?
Coinfig values crypto received as salary or for services in rand at the date of receipt, so your payroll administrator can capture it in SimplePay for correct PAYE.
Is crypto salary taxable in South Africa?
Yes. Crypto paid as remuneration is taxed as income at its rand value on receipt, subject to PAYE. Coinfig provides the valuation. This is not tax advice.
Does SimplePay report crypto to SARS?
SimplePay handles PAYE on remuneration and submits payroll information to SARS. It does not report crypto investment activity — that is declared in your ITR12.
Should staking rewards go through SimplePay?
No. Staking and investment gains are not remuneration; they are declared in your personal return. Use Coinfig for those, not SimplePay.