TECH & INNOVATION – SA has nearly 8 million crypto users, only about 500,000 are declaring the income or capital gains
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GUEST – Wiehann Olivier, a Partner and FinTech & Digital Assets Lead at Forvis Mazars South Africa.
Thousands of South Africans who have traded or invested in crypto assets may soon face severe penalties. The South African Revenue Service (SARS) has started issuing letters to individuals suspected of undeclared crypto gains. Experts warn that those who fail to act now risk not only hefty fines but also potential criminal prosecution
Thousands of South Africans who have traded or invested in crypto assets may soon face severe penalties. The South African Revenue Service (SARS) has started issuing letters to individuals suspected of undeclared crypto gains. Experts warn that those who fail to act now risk not only hefty fines but also potential criminal prosecution
