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 Thomas LobbanHead of Crypto Tax Consulting Featured in Last month, SARS commissioner Edward Kieswetter confirmed
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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 Thomas LobbanHead of Crypto Tax
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