South African crypto-asset service providers must now transmit detailed transaction data directly to the revenue collector, allowing for precise automated reconciliation and targeted audits. The End of the ‘Offshore Shield’ The South African Revenue Service (SARS) has, since March 1, used its most sophisticated tools to date to track crypto-assets and offshore financial interests. The […]
Source: https://news.bitcoin.com/south-africa-tax-collector-deploys-new-tech-to-track-crypto-and-offshore-assets/
