Tag: Bitcoin

Cryptocurrencies and tax – SARS will take its bite from your Bitcoin

Cryptocurrencies and tax – SARS will take its bite from your Bitcoin

In these blogs and in my discussions with clients the topic of cryptocurrencies has been raised on a regular basis. The fact is, whether you think this is a good investment opportunity or not, the South African Revenue Service (SARS) is sharpening its focus and intention to ‘mine’ it for tax revenue – as is within its rights. This is also not a new thing – SARS has been warning us for years.