I already read this:
https://mybroadband.co.za/news/cryp...g-how-much-bitcoin-tax-you-must-pay-sars.html
Me and a couple of friends were mining high stakes(solo mining) and made a couple of blocks(ZCash and Horizon) which we converted to bitcoin.
We sold most in October(Converted to Tether $6200) and repurchased bitcoin in January($3500). I have a total of 7 bitcoins that I converted into Rands this week(after the 28 February, moved on 8 March to the local exchange, converted this weekend to Rands).
January this year I already have withdrawn my original capital + R38000 extra since people told me I am allowed R40000.
Now I want to withdraw the money to pay off my house bond but I also don't want to get in the wrong side with SARS.
If I withdraw R420k, When do I have to pay tax and when should I declare it? My understanding is Next year July when I do my personal income tax.
What type of tax should I have to pay?
What is the estimated taxes?