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South Africans Instructed to Pay Tax on Bitcoin and Cryptocurrency Earnings

“The onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received or accrued. Failure to do so could result in interest and penalties,” SARS said. SARS still has yet to make clear the value added tax (VAT) status of bitcoin. "The 2018 annual budget review ...

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