The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Ponkie on August 11, 2018, 01:54:33 pm
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Hi guys,
I have made some short term profits this year on the US stock market and need to declare my gains to SARS.
Now my questions do I need to use a daily rate when I did the trade or can I use SARS's average rate for the period?
Thanks!
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I've always used the average because it's so much easier, but I believe you're allowed to choose, so I'd use whichever means I'd pay less tax!
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Thanks Nirvek!
That was my understanding too...
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Calculate your gains/losses in USD and then convert to ZAR.
https://www.bportugal.pt/conversor-moeda
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Thanks Orca!
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Here is some useful information on Taxes concerning Foreign Exchange Products
https://usdtozar.com/sarsimplicationtocryptocurrencies