In the Land of the Blind: Filing Season Causing Anxiety for Cryptocurrency Investors
With filing season fast approaching, it has become abundantly clear that SARS will have its sights set firmly on collecting tax from cryptocurrency activities.
Cryptocurrency Is Either A Powder Keg Or Panacea: Which Way Will We Go?
During 2020, crypto platforms the world over sailed into the heavens, then plummeted months later. Amid the joys and sorrows experienced by investors, come new concerns about cryptocurrency regulation and what it would mean for South African taxpayers.
No Longer Under the Radar: SARS Puts a Magnifying Glass Over Crypto Exchanges
For the past few years, many have speculated on whether SARS would approach cryptocurrency exchanges directly to disclose their customers’ information. Until recently, taxpayers have largely regarded cryptocurrency as something that exists outside of the reach of the revenue collector.
Working For An International Organisation In SA? Get Your Tax Strategy In Place
South African residents who work for international companies inside South Africa need to be sure they have a clear understanding of their tax situation or risk losing out, says Thomas Lobban, Legal Manager for Cross-Border Taxation at Tax Consulting South Africa.
Constitutional Court Delivers Bad News For Loyalty Programme Operators
On 21 May 2021, the Constitutional Court handed victory to SARS in a decision that may have sweeping ramifications for retailers who operate loyalty plans similar to the Clicks ClubCard loyalty programme.
Non-Compliant Expats In Africa Headed For Tax Showdown With SARS
South African expatriates who ignore their tax obligations will soon find themselves in hot water with SARS.
Seven Essential Tax Tips To Keep You Legal, And Out Of Jail, As SARS Mines For Revenue In Cryptocurrency
If the emotional roller coaster of the cryptocurrency crash following Elon Musk’s latest Tweet that Bitcoin and other cryptocurrency mining consumes too much dirty energy such as coal, and his earlier decision that it can no longer be used to buy a Tesla, has got you down, at least one positive spin-off is that the […]
NEWS | UP IN THE AIR: SARS’ FOCUS ON EXPATRIATES THIS FILING SEASON
In 2021, the world is an entirely different place to live in as compared to the past, and many South African expatriates face more uncertainty than ever before due to the Covid-19 pandemic.
NEWS | CRYPTOCURRENCIES: ARE YOU AWARE OF THE TAX IMPLICATIONS?
Along with the rest of the world, South Africans have shown an appetite for cryptocurrencies. While the size of the market remains unclear, Coinmarketcap gives a figure of $210 billion for the global market, and approximately R6.5 billion for the South African market.
NEWS | A REMUNERATION MODEL MADE FOR COVID-19
In a COVID-stricken economy, employee motivation and productivity are being hampered by salary cuts and reduced working hours.