Browsing: Sars

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 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