News

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

SARS Tightens Grip on Crypto: Full Disclosure Now Critical The South African Revenue Service (SARS) has issued a clear warning to crypto asset holders and traders: compliance is the path of least resistance, while non-compliance could lead to heavy financial and legal consequences. With over 5.8 million South Africans now holding crypto assets and Southern

SARS Confirms Criminal Sanctions for Crypto Non-Compliance SARS confirms 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 Director andHead of Strategic Engagement & Compliance FEATURED IN Looking beyond the borders of South Africa, the recent media release from the

CRYPTO ASSET EXCHANGES PLAYING OPEN CARDS WITH SARS? SARS has been honing its “automatic exchange of information” process with various countries and financial institutions, and it seems Crypto Asset Exchanges have now joined the party! Though not entirely unprecedented or unexpected, to crypto asset traders or investors, this revelation can easily spell out the beginning

SARS Threatens Criminal Sanctions for Non-Compliant Crypto-Traders As a cryptocurrency trader, have you ever heard of SARS’ Electronic Forensic Services team? Chances are, no. You have however certainly heard of the revenue collector enhancing their Audit capabilities to more than just a “quick count”, through the use of data driven insights. Now consider the risk