News

SARS’ Automatic Exchange of Information Spans Over 120 Jurisdictions – No Evasive Maneuvers for Tax Evaders! SARS’ Automatic exchange of information (AEOI) has been upgraded, through strategic adoption of the Organisation for Economic Cooperation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) and an updated Common Reporting Standard (CRS). READ MORE Jashwin BaijooPartner and Head of […]

SARS Expands Its Reach: Offshore Accounts and Crypto Now Fully Exposed From 1 March 2026, global reporting standards reach your digital and cross-border wealth. If you hold crypto through offshore structures, trade on foreign exchanges, or maintain cross-border financial interests that have not been carefully disclosed and classified, the risk landscape has shifted materially. READ

SARS Compliance Programmes Secures R304 Billion in Collections! SARS & National Treasury’s 18th annual edition of the Tax Statistics bulletin confirms the effectiveness of the revenue collector’s compliance driven initiatives. SARS celebrates a whopping 16,7% year-on-year compliance collection increase, which it attributes to “enhanced strategies and diligent implementation of compliance measures”. READ MORE Jashwin BaijooPartner

New Worldwide Reporting Standards Spell the End for Crypto-Tax Evaders – SARS Knows! As the cryptocurrency market rapidly expands and the global financial landscape evolves, tax authorities worldwide are intensifying their efforts to maintain transparency and combat tax evasion. READ MORE Jashwin Baijoo Partner and Head of Strategic Engagement & Compliance FEATURED IN Compliance is

Voluntary Disclosure Programme: A Last Chance for Crypto Traders Before the 2026 Crackdown? The South African Revenue Service (SARS) is preparing to enforce far-reaching new international standards from 1 March 2026, aimed squarely at crypto traders and investors. Through the adoption of the Crypto-Asset Reporting Framework (CARF) and the revised Common Reporting Standard (CRS), SARS

SARS Holds Crypto-Traders to Account per the “International Tax Standard” The draft Crypto-Asset Reporting Framework (CARF) and revised Common Reporting Standard (CRS) regulations, proposed to be effective 01 March 2026, increases the regulatory and reporting burden on crypto service providers and taxpayers in South Africa! This strengthening of tax treatment leverages the automatic exchange of information,

Crypto Tax Audit Analysis to be Enhanced Through Project AmaBillions Since the introduction of the Crypto Revenue Augmentation Unit by the South African Revenue Service (“SARS”), numerous taxpayer’s who have traded, invested or even used crypto assets for purchases, have received Audit and Request for Relevant Material Notices, specifically relating to such crypto asset transactions.

High-Wealth Individuals and Crypto Traders High on SARS’ Hit-List SARS has confirmed its compliance radar is focused on both High-Wealth Individuals and taxpayers engaging in cryptocurrency related transactions for the next fiscal year! Both taxpayer segments have been a recurring collection windfall for the tax man and have once more made it onto the “Compliance

SARS Specialised Crypto Unit Cracks Down on Non-Compliance SARS have unearthed a new source of tax revenue collection – cryptocurrency trading and investing! With their purview unlimited, SARS has confirmed their ability to receive information directly from local crypto asset exchanges, to ensure non-compliance is both hard and costly for taxpayers. READ MORE Jashwin BaijooAssociate

Crypto Tax Compliance: New Frontiers in Enforcement and Reporting for Taxpayers! The 2023/24 tax year marked a shift in SARS’s approach, with the revenue collector announcing in early October than it will be including crypto assets in its targeted compliance programmes. This announcement comes off the back of a staggering 5,8 million South Africans reported