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Declare Cryptocurrency Gains or Losses, South Africa Tells Taxpayers

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Declare Cryptocurrency Gains or Losses, South Africa Tells Taxpayers

South Africa’s tax agency has told taxpayers that cryptocurrency-related income will fall under normal tax rules and may also be liable for capital gains tax. The South African Revenue Service (SARS) has reminded taxpayers that the onus is entirely on them to declare cryptocurrency gains or losses as part of their taxable income. Crypto-related gains

The post Declare Cryptocurrency Gains or Losses, South Africa Tells Taxpayers appeared first on CCN

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