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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 Holders Urged to Approach Tax Body Before It Descends on Them
https://www.digit.info/south-african-crypto-holders-urged-to-approach-tax-body-before-it-descends-on-them/
Wed, 19 May 2021 07:30:24 +0000https://www.digit.info/2021/05/19/south-african-crypto-holders-urged-to-approach-tax-body-before-it-descends-on-them/Read more]]>A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that […]