The South African Revenue Service has issued a media release for South African resident travellers returning to South Africa with personal effects such as laptops, iPads, cellphones, golf clubs, cameras and
The South African Revenue Service has introduced a new electronic cargo system that tracks the movement of cargo coming into and leaving the country. The paperless cargo reporting system brings to an end
Cryptocurrencies, and the substantial gains that are associated with investments in them, caught the attention and interest of the world – not least of all, the taxman. Where money abounds, tax is normally to be
The South African Revenue Service’s announcement that it considers cryptocurrencies to be intangible assets and not currencies has brought an end to widespread speculation about the nature of cryptocurrencies
The South African Revenue Service will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their
As bitcoin continues its roller-coaster ride, taxpayers need to brace themselves for heightened scrutiny of their declarations in relation to cryptocurrency gains. The South African Revenue Service has confirmed that it will clarify
South Africa has no specific laws or regulations that deal with the use of cryptocurrencies like bitcoin. It follows that, to date, there aren’t any court rulings or directives that focus on the tax treatment of bitcoin-related transactions
The South African Revenue Service is in discussions with some of the top technology companies in the world to enable it to track cryptocurrency trades more efficiently. Interest in cryptocurrencies, like bitcoin, has risen significantly
With six weeks to go to before the end of the 2016 tax season, the South African Revenue Service has received over 4m tax returns. “Sars has already received 4 166 243 individual income tax returns. This figure also includes 1 217 428 returns received
