SARS doing an audit of South Africans who bought cryptocurrency
In recent years, South Africans who have bought cryptocurrencies are being audited by the South African Revenue Service (SARS), which has sent them letters requiring more information about these investments. Though there is no clear legislation on the purchase and sales of cryptocurrencies, SARS has made it clear that this does not mean that any person trading in cryptocurrencies will escape taxation. Gugulethu spoke to Thomas Lobban, the Manager of […]