Sars cracking down on crypto

Daniel Puchert

Daniel Puchert

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Crypto tax warning in South Africa

The South African Revenue Service (SARS) is issuing warnings to crypto asset holders and traders as the taxman looks to crack down on non-compliance.

This is according to Tax Consulting South Africa, which warned that compliance is the path of least resistance, and non-compliance could lead to heavy financial and legal consequences.
 
Daniel Puchert said:
Crypto tax warning in South Africa

The South African Revenue Service (SARS) is issuing warnings to crypto asset holders and traders as the taxman looks to crack down on non-compliance.

This is according to Tax Consulting South Africa, which warned that compliance is the path of least resistance, and non-compliance could lead to heavy financial and legal consequences.
Click to expand...
Partner content disguised as news.
 
You can both f**k right off.

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“SARS is legally obligated to account for any income or assets held by taxpayers and had previously invited crypto exchanges and those involved in trading or holding crypto assets to disclose related activities on a voluntary basis.”

To do business with me, or not to do business with me.
Your call [insert my crypto exchange service here].

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The weekly SARS article. Remember people, tax compliance means to deduct any losses you may suffer from your income. It is your duty to pay as little tax as possible legally.
 
Wrath of Khan MD said:
how much is SARS paying you "mybroadband?"

we all want to know because you keep posting these articles 24/7
Click to expand...
Not SARS, but Tax Consulting SA getting good PR under guise of fear of SARS...

Legitimate concern though.
 
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