South African cryptocurrency traders can expect a tightening tax net in the near future, with the revenue service paying close attention to crypto activity in the country.
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Finance minister Tito Mboweni has provided more details on the second set of measures that are aimed at assisting individuals and businesses through the Covid-19 pandemic.
“Everything is digital now. Going digital was only a discussion point for many businesses but now it’s the only reality.”
Telkom will fight the South African Revenue Service in the constitutional court after an adverse judgment handed down against it at the supreme court of appeal that could severely dent its cash flow.
The South African Revenue Service wants to harness the latest in artificial intelligence technology, self-learning computers and Big Data as it struggles to meet revenue-collection targets.
The South African Revenue Service has terminated the services of suspended IT chief Mmamathe Makhekhe-Mokhuane with immediate effect.
The South African Revenue Service has placed Mmamathe Makhekhe-Mokhuane, head of digital information services and technology, on precautionary suspension pending the finalisation of a disciplinary process.
The South African Revenue Service has encouraged taxpayers to submit income tax returns via e-filing or a new MobiApp when the tax season commences on 1 July.
International suppliers of services to South African customers must evaluate whether these qualify as electronic services and whether this would create a liability to register for VAT.