Wednesday, July 17, 2024
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SARS to Implement new APN requirements to combat illicit cashflows

The South African Revenue Service (SARS) will implement new advance payment notification (APN) requirements on 1 December. The changes, will serve to combat illicit cashflows, will impact all import payments valued at R50 000 and above. What is an APN? An...

SARS Intends to Modernise VAT Collection System

In the 2023 Budget, the Minister of Finance announced that the South African Revenue Service (SARS) would shortly begin to modernise the VAT collection system, in consultation with affected parties. SARS Seeks Input for Modernisation of VAT Collection SARS has now...

Social Engineering Attacks to be Aware of This Tax Season

As South Africans prepare to file their tax returns from 7 July, cybercriminals are also gearing up. Tax return time becomes open season for cybercrime, and this year is expected to be worse due to many people working from...

Top 4 Most Trending Stories – Week in Review

As this week comes to a close we take a look at the stories that resonated most with our readers. This week in African tech - Lockdown Level 4 in South Africa implemented to curb the spread of COVID-19 Delta,...

Can I Still Trade Bitcoin in South Africa Despite SARS Clampdown?

South Africa is one of the countries where the growth, adoption, and use of bitcoin and other cryptocurrencies continue to move at a fast pace. People are looking for how to buy bitcoin now more than ever. However, a lot...

South African Crypto Traders should Gear Up for Stricter Taxes

Over the last five years, South Africa has emerged as one of the world’s most notable cryptocurrency adopters, and an estimated 13% of its internet users owning or using cryptocurrencies. With the South African Bitcoin/ZAR weekly trading volume...

SARS Working on Detection Tools to Find Cryptocurrency Tax Dodgers

It is a legal requirement to pay tax on your Bitcoin earnings, the South African Revenue Service (SARS) outlined in 2018. This requirement, however, is more difficult to enforce than conventional income or capital profit. As the name implies, it...

Cryptocurrencies set for another surge in prices

Current market activity indicates that cryptocurrencies are set for “another considerable surge in price gains” in the near future, but investors are advised to exercise caution. This forecast from Nigel Green, founder and CEO of the deVere Group – an...

Can we solve the tax dilemma around Bitcoin?

Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is positive, as we are living in an increasingly digital world with it only being a matter of time before...

South African tax collector takes aim at cryptocurrencies like Bitcoin

According to a report by MoneyWeb, The South African Revenue Service (SARS) has opened dialogue with a number of the top technology companies in the world in order to try and enable the tax revenue service to track cryptocurrecy...
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Global Cloud Platform Honored as CPaaS Leader by Gartner

Gartner has ranked global cloud communications platform Infobip as a leader in the Communications Platform as a Service (CPaaS)...
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