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 […]
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 Featured in
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CRYPTOCURRENCY TAX THE CANARY IN THE COALMINE In 1911, coal miners would delve into the depths of the earth with little or no guiding light and none but their own belaboured breath as company. These men faced a silent killer – carbon monoxide levels underground could increase until it was too late for them and
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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 Featured in Last month, SARS commissioner Edward Kieswetter confirmed that undisclosed cryptocurrency holdings will be a
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CRYPTOCURRENCY A PRIMARY CONCERN FOR TAX AUTHORITIES There are many South Africans who have made investments into cryptocurrency, and we see all types of traders and investors on a daily basis. It has announced a new dawn of investment world-wide and regulators world-wide have been sluggish to respond. However, it is now firmly on the
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SARS PURSUES NON-COMPLIANT CRYPTOCURRENCY TRADERS With South Africa and the world at large facing an economic downturn as a result of various factors, not the least of which being the Covid-19 pandemic, SARS is on a mission to plug the existing gaps in tax revenue collection and compliance. READ MORE Featured in It is no
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