Categories
Uncategorized

South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that SARS often imposes on tax dodgers. Crypto Taxes Inevitable In the meantime, Lesperance, in remarks that were made during a call with Bitcoin.com News, urged crypto holders to get over “the fantasy that they are…

The post South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *