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3232South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat
https://www.digit.info/south-african-expert-says-tax-dodging-crypto-traders-face-heightened-jail-threat/
Fri, 13 Aug 2021 09:30:02 +0000https://www.digit.info/2021/08/13/south-african-expert-says-tax-dodging-crypto-traders-face-heightened-jail-threat/Read more]]>A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms […]
]]>South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body
https://www.digit.info/south-african-crypto-exchanges-confirm-receiving-request-for-client-data-from-tax-collection-body/
Thu, 03 Jun 2021 05:30:31 +0000https://www.digit.info/2021/06/03/south-african-crypto-exchanges-confirm-receiving-request-for-client-data-from-tax-collection-body/Read more]]>Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […]
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms […]
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […]