South African Revenue Services

FinTech

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

Luis Monzon - June 29, 2021

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...

FinTech

SARS Working on Detection Tools to Find Cryptocurrency Tax Dodgers

Luis Monzon - March 6, 2020

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...

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