Trading in Cryptocurrencies? Say Hello to SARS…

Tags: cryptocurrencies, SARS Reading Time: 3 minutes Individuals who have invested and are trading in cryptocurrencies are now being audited by SARS (South African Revenue Services) and have been requested to provide more information regarding these investments. Audit...

SARS’S STANCE ON THE TAX TREATMENT OF CRYPTOCURRENCIES

Tags: cryptocurrencies, Penalties, Taxpayers Reading Time: 4 minutes The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of...