South Africa’s tax agency doubles down on ‘crypto’ tax evaders
South Africa’s taxman is bracing for a crackdown on digital asset tax evaders, doubling the number of staff members in the ‘crypto’ department.
The South African Revenue Service (SARS) says digital asset owners owe billions of rand in taxes, capitalizing on vague ‘crypto’ taxation frameworks. However, the agency has been ramping up its technology to better target this group. SARS is also hiring dozens of new agents in its ‘crypto’ department, the agency told local…
