Cryptocurrency and tax in South Africa explained

SARS are not letting cryptocurrency traders off so easily just because it doesn’t consider Bitcoin or other such digital currencies legal tender. If you trade in South Africa, you’re expected to pay tax. 

Cryptocurrency regulation is still a debated topic in South Africa, but when it comes to tax it isn’t unclear. SARS requires disclosure of cryptocurrency assets by taxpayers. 



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Cryptocurrency and tax in South Africa explained

by govindparmar time to read: 1 min
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