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#moonbix
what if you only play and not trade are you still qualified for rewards ? Are we being mislead and wasting time?
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Crypto tax crunch in South Africa and ow much percentage to pay? South Africa is undergoing a significant regulatory shift regarding cryptocurrency to enhance compliance with financial regulations, particularly tax matters. This ‘crypto compliance crunch’ has been driven by the need for clear guidelines to protect consumers and ensure the required tax is paid. The Financial Sector Conduct Authority (FSCA) released a study that was conducted to better understand the crypto market in South Africa. Under this new framework, crypto holders and businesses must report their crypto assets and transactions to SARS. In the future, crypto exchanges and intermediaries will likely be required to report transaction data directly to tax authorities, making it harder for investors to avoid reporting their crypto income, as tax authorities will have more visibility into their activities. How much tax do you pay on crypto in South Africa? The amount of tax you'll pay on crypto in South Africa depends on the specific transaction, the tax that applies, and how much you earn. For crypto profits subject to Capital Gains Tax, individuals pay a maximum effective 18% tax rate, on gains in excess of the R40 000 annual exclusion, depending on their total taxable income. For crypto profits subject to Income Tax, individuals pay between 18% to 45% in tax depending on their total taxable income. #BTCBreaks100K? #SARS #CryptoNewss #TipCreator #GaryGenslerResignation
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The Risk It all in 2023 when I officially signed up to Binance after lots of consideration and thoughts. I've been scammed on other platforms but decided to take the last shot with Binance and since then, I have not regretted. I signed up, did KYC verification easily, and started with about $50 deposit...haven't regretted since and made some withdrawals. I then introduced few colleagues to sign up! Had the opportunity to attend several community meetups in Johannesburg. The last one was at the Roof, Brynston. :) I've been involved in many community activities and won some prizes and at a point got an interview to be a Binance Angel but unfortunately, the Interviewer could attend the meeting online on several occasions but cool, I'm still here :) Looking forward to greater things and building wealth with the most trusted Exchange on the planet. #HaveYouBinanced ?
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The Risk It all in 2023 when I officially signed up to Binance after lots of consideration and thoughts. I've been scammed on other platforms but decided to take the last shot with Binance and since then, I have not regretted. I signed up, did KYC verification easily, and started with about $50 deposit...haven't regretted since and made some withdrawals. I then introduced few colleagues to sign up! I've been involved in many community activities and won some prizes and at a point got an interview to be a Binance Angel but unfortunately, the Interviewer could attend the meeting online on several occasions but cool, I'm still here :) Looking forward to greater things and building wealth with the most trusted Exchange on the planet. #HaveYouBinanced ?
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