Category: South Africa Revenue Services


Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage


Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto ArbitrageReports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need […]


South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them


South African Crypto Holders Urged to Approach Tax Body Before It Descends on ThemA South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that […]


MTI CEO and Wife Issued With Provisional Sequestration Order by South African High Court


MTI CEO and Wife Issued With Provisional Sequestration Order by South African High CourtA South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam. Sequestration Not Final According to a report, the order was reportedly served on the Steynbergs’ […]


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