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Crypto Regulation in South Africa–There’s a new Sheriff in Town

Crypto Regulation in South Africa – There’s a new Sheriff in Town

Crypto Regulation in South Africa There’s a new Sheriff in Town The new regulations proposed by the South African Government will lead to greater regulatory oversight and control in the crypto asset sector, and will spell bad news for non-compliant operators. READ MORE Thomas LobbanHead of Crypto Tax Consulting It has long been clear that …

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Cryptocurrency Is Either A Powder Keg Or Panacea: Which Way Will We Go?

Cryptocurrency Is Either A Powder Keg Or Panacea: Which Way Will We Go?

CRYPTOCURRENCY IS EITHER A POWDER KEG OR PANACEA WHICH WAY WILL WE GO? During 2020, crypto platforms the world over sailed into the heavens, then plummeted months later. Amid the joys and sorrows experienced by investors, come new concerns about cryptocurrency regulation and what it would mean for South African taxpayers. READ MORE Thomas LobbanHead …

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In the Land of the Blind, Filing Season Causing Anxiety for Cryptocurrency Investors

In the Land of the Blind: Filing Season Causing Anxiety for Cryptocurrency Investors

IN THE LAND OF THE BLIND FILING SEASON CAUSING ANXIETY FOR CRYPTOCURRENCY INVESTORS With filing season fast approaching, it has become abundantly clear that SARS will have its sights set firmly on collecting tax from cryptocurrency activities. READ MORE Thomas LobbanHead of Crypto Tax Consulting Come the 1st of July, taxpayers will have to declare …

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Cryptocurrency

No Longer Under the Radar: SARS Puts a Magnifying Glass Over Crypto Exchanges

NO LONGER UNDER THE RADAR SARS PUTS A MAGNIFYING GLASS OVER CRYPTO EXCHANGES For the past few years, many have speculated on whether SARS would approach cryptocurrency exchanges directly to disclose their customers’ information. Until recently, taxpayers have largely regarded cryptocurrency as something that exists outside of the reach of the revenue collector. However, this could …

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Seven Essential Tax Tips To Keep You Legal, And Out Of Jail, As SARS Mines For Revenue In Cryptocurrency

Seven Essential Tax Tips To Keep You Legal, And Out Of Jail, As SARS Mines For Revenue In Cryptocurrency

SEVEN ESSENTIAL TAX TIPS TO KEEP YOU LEGAL, AND OUT OF JAIL, AS SARS MINES FOR REVENUE IN CRYPTOCURRENCY If the emotional roller coaster of the cryptocurrency crash following Elon Musk’s latest Tweet that Bitcoin and other cryptocurrency mining consumes too much dirty energy such as coal, and his earlier decision that it can no …

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Cryptocurrencies Are you aware of the tax implications

Cryptocurrencies: Are You Aware Of The Tax Implications?

CRYPTOCURRENCIES ARE YOU AWARE OF THE TAX IMPLICATIONS? Along with the rest of the world, South Africans have shown an appetite for cryptocurrencies. While the size of the market remains unclear, Coinmarketcap gives a figure of $210 billion for the global market, and approximately R6.5 billion for the South African market. READ MORE Thomas LobbanHead …

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Sars Is Cracking Down On Cryptocurrency Owners

Sars Is Cracking Down On Cryptocurrency Owners

SARS IS CRACKING DOWN ON CRYPTOCURRENCY OWNERS Some South Africans who have bought cryptocurrencies in recent years are being audited by the South African Revenue Service (SARS), who has sent them letters requiring more information about these investments. READ MORE Thomas LobbanHead of Crypto Tax Consulting Featured in Last month, SARS commissioner Edward Kieswetter confirmed …

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