South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may […]