The South African Revenue Service (SARS) plans to include crypto assets in its tax compliance scheme! 💼
- SARS is collecting information on crypto users and increasing its audits to identify non-compliant taxpayers.
- Taxpayers are being offered to participate in the voluntary disclosure program, but those audited will not be eligible.
- The consequences of deliberate tax evasion will be serious. 🚨
We remain optimistic about Bitcoin! 🚀