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
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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
The South African Revenue Service says its tax and customs offices will close at 5pm on Friday due to a substantial IT system upgrade and maintenance. To minimise disruptions on the day, Sars said its employees
The Democratic Alliance has called for the immediate suspension of top South African Revenue Service (Sars) figure Jonas Makwakwa, allegedly the recipient of “suspicious and unusual payments”. The Sunday Times reported that Makwakwa
The way the government buys its goods and services is getting a shake-up aimed at saving billions, finance minister Pravin Gordhan said on Wednesday. This includes saving a
The South African Revenue Services (Sars) has never collected more than a trillion rand in taxes before — until now. “Gross tax revenue for the fiscal year came in at R1,0699 trillion or R0,2bn more than the February estimate,” Sars commissioner
Finance Minister Pravin Gordhan has answered the Hawks questions regarding the alleged South African Revenue Services “rogue” unit on Wednesday, stating that the unit acted lawfully as far as he is aware. “I am advised that the Sikhakhane Panel
The following is the full and unedited text of a statement issued by finance minister Pravin Gordhan, in which he explains how he has answered a set of questions from the Hawks regarding the establishment of a so-called “rogue” unit at the South African
Standard Bank Research said the “rand sacrificed most of the gains it had made since the end of January”, which analysts on Monday said was due to a boiling point in politics involving President Jacob Zuma and finance minister Pravin Gordhan