Odaily Planet Daily News: The South African Revenue Service (SARS) announced that it will include crypto assets in its compliance program. The tax department is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers. SARS recently said that it felt it necessary to take this step after noticing that taxpayers did not declare crypto assets and transactions in their tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrencies. In its latest comments on the issue, SARS said it is working to simplify compliance for taxpayers and traders. At the same time, tax officials emphasized the consequences of deliberate tax evasion. To achieve this goal, SARS said it has strengthened its audit team and adopted the latest technology. (Bitcoin.com)