How to avoid forex trading tax in South Africa, how much tax do forex traders pay in South Africa?

Yes, Forex Traders in South Africa must pay an 18% Personal Income Tax.

You can also get Tax Rebates up to R17,235 and older South African citizens (65 years & above) are granted bigger rebates.

In South Africa, the Capital Gains Tax (CGT) is part of the Income Tax.

You only pay CGT when you sell off an asset. The Capital Gains Tax rate in South Africa is 18% for Individuals, 21.6% for companies & 36% for other trusts.

Forex traders in South Africa can not avoid paying taxes but they can lower the amount of tax paid by trading with a corporate account.

When you trade forex with a corporate account, you can deduct the expenses you used in running your office from your taxable income. By doing this, you pay less taxes.

You can pay lower tax when you trade forex in SA by opening a corporate forex trading account then subtracting your yearly operational expense from your income before it is taxed..

I believe the question here is about tax 'avoidance' i.e. legal ways in order to reduce tax liability as a CFD trader.

I don't think anyone should be advising on the methods that may not be legal, or could cause legal issues in future for any trader.

Also, whenever you are depositing funds at any FSCA regulated broker (or any regulated broker in any region), they will ask you for proof of funding if they find anything shady. And you can only withdraw fund to your method that was source of deposit.

You cannot deposit via South African bank & then withdraw via crypto, that's not how it works.

My suggestion OP to you is to consult your tax advisor, he/she would be able to give you better advise.

What you see on the internet may vary a lot from the actual tax liability, and what you can save on it legally.

18% is the South African tax rate (Personal Income) and it also applies to forex traders. if you sell off your stocks (for stock investors) you will also pay Capital Gain Tax in South Africa

To avoid paying tax as a forex trader in South Africa, withdraw your money to crypto or Skrill instead of withdrawing to your bank account.