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3232South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
https://www.digit.info/south-african-taxpayers-who-fail-to-disclose-income-from-cryptocurrency-trading-face-possible-jail-time/
Thu, 04 Feb 2021 09:20:54 +0000https://www.digit.info/2021/02/04/south-african-taxpayers-who-fail-to-disclose-income-from-cryptocurrency-trading-face-possible-jail-time/Read more]]>According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant […]
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant […]