Sars clarifies its stance on bitcoin

Taxpayers have to declare cryptocurrency gains or losses as part of their taxable income. The South African Revenue Service (Sars) will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their taxable income. The growing[…]

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SARS to investigate religious institutions

The South African Revenue Service (SARS) will investigate religious institutions for possible tax non-compliance. In July last year‚ the Commission for the Promotion and Protection of the Rights of Cultural‚ Religious and Linguistic Communities released its final report on the commercialisation of religion and abuse of people’s belief systems. Among[…]

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Zuma was paid a ‘salary’ by tender tycoon, claims book

President Jacob Zuma pocketed a “salary” of R1 million a month from a controversial tender mogul without declaring it to the South African Revenue Service (SARS), claims a new book by former Media24 investigative journalist Jacques Pauw. The President’s Keepers, Pauw’s fifth nonfiction book, hits the shelves this week, and[…]

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Ex-SARS man Lackay to continue testimony at CCMA hearing

Former SA Revenue Service spokesperson Adrian Lackay is set to give his third day of testimony on Wednesday, at a CCMA arbitration hearing. Lackay revealed on Tuesday that senior SARS employees and the Government Communication and Information System (GCIS) planned to “spike” a story the Mail & Guardian was due[…]

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Is Pravin off the hook?

‘Informal discussions” are under way between National Director of Public Prosecutions (NDPP) Shaun Abrahams, his close allies in the National Prosecuting Authority (NPA) as well as lawyers of Finance Minister Pravin Gordhan and his two co-accused to drop the charges against them. City Press has learnt that yesterday, a draft[…]

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