South Africa Goes after Crypto Tax Dodgers

The South Africa Revenue Service (SARS) is looking into ways to identify the cryptocurrency traders in the country who are not paying taxes on their crypto gains.

“The key thing is identifying people who are trading because it’s easy to say cryptocurrency gains must be deductible, but there are also those who lose. That’s why it’s important to identify the trader,” acting SARS commissioner Mark Kingon said, quoted by the South African business news website Fin24.

In his words, onc…

This article appeared first on Cryptovest

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