# South African Revenue Service includes crypto assets in its compliance program 🌐

The South African Revenue Service (SARS) announced that it will include crypto assets in its compliance program and seek user information from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers. SARS said it decided to take this measure after noticing that taxpayers did not declare crypto assets and transactions in their returns.

SARS stressed that South African law requires accounting for all income and assets, including cryptocurrencies. The tax department is working to simplify taxpayers' compliance efforts and warns of the consequences of deliberate tax evasion. What do you think? Chat in the comments!