South African Revenue Service urges crypto traders to register with authorities to curb tax evasion

PANews reported on April 3 that according to Bloomberg, the South African Revenue Service urged those involved in crypto asset transactions to register with the authorities to curb tax evasion. Edward Kieswetter, Commissioner of the South African Revenue Service, said in an interview: "We have invited taxpayers, exchanges and other intermediaries to register, because it is now illegal not to register. Through the registration process, we will have information about these market players and track their business activities." The South African Revenue Service is taking a multi-pronged approach to identify crypto asset traders to initiate law enforcement, but Kieswetter admitted: "This is a systematic project, and comprehensive control will take time."

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
29 minute ago
2 hour ago
2 hour ago
3 hour ago
4 hour ago
13 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读