The South Africa Revenue Service (SARS) has come up with suggestions for the taxation of income generated through crypto trading activities. Reportedly, the term â€˜Currencyâ€™ is not defined under the Income Tax Act in South Africa. The cryptocurrencies are categorized as the assets of intangible nature. Consideration of the proposal would make the holders disclose profits and loss incurred.
Crypto Taxation in South AfricaIncryptsAug 08, 20180
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