Bitcoin transactions may be taxed by South African revenue service

Bitcoin transactions may be taxed by South African revenue service
CAPETWON: The South African Revenue Service (SARS) is reportedly in discussions with top technology companies from around the world to track and tax bitcoin transactions. SARS is the tax collecting agency of the South African government. It was established …
Bitcoin transactions may be taxed by South African revenue service

How many millionaires are there in South Africa?

How many millionaires are there in South Africa?
Every year, the South African Revenue Service (SARS) publishes data on the tax revenue it collects. It has all sorts of interesting info – including how many millionaires there are in the country (by income). If you’re interested in crunching the …
How many millionaires are there in South Africa?

South Africa: SARS to Collect Sugar Tax From April 2018

South Africa: SARS to Collect Sugar Tax From April 2018
The South African Revenue Service will collect the Sugary Beverages Levy (SBL) from 1 April 2018. The levy is fixed at 2.1 cents per gram of the sugar content that exceeds four grams per 100ml, which means the first four grams per 100ml are levy free.
South Africa: SARS to Collect Sugar Tax From April 2018

South Africa Wants to Track and Tax Bitcoin Trading

South Africa Wants to Track and Tax Bitcoin Trading
This has prompted the South African Revenue Service (Sars) to explore ways to ensure it gets its cut from all the action. The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency …
South Africa Wants to Track and Tax Bitcoin Trading

This is how many South Africans are earning R1 million or more a year

This is how many South Africans are earning R1 million or more a year
SARS has published its annual tax statistics, showing the breakdown of South African taxpayers, and which salary ranges they fall under. The overall data showed that revenue from personal income tax (PIT), as a percentage of total tax revenue, increased …
This is how many South Africans are earning R1 million or more a year

Just 340 corporations pay most of SA’s company tax

Just 340 corporations pay most of SA’s company tax
Johannesburg – A relatively small number of businesses pay the majority of South Africa’s corporate income tax. So said Randall Carolissen, research head at the SA Revenue Service (SARS), this week during the release of the annual Tax Statistics Bulletin …
Just 340 corporations pay most of SA’s company tax

BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service

BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service
* ‍CONCLUDED COMPROMISE AGREEMENTS WITH COMMISSIONER OF SOUTH AFRICAN REVENUE SERVICE IN RESPECT OF SETTLEMENT OF THEIR OUTSTANDING TAX DEBTS WITH SARS * ‍UNDERTAKEN TO PAY AMOUNT OF 8.2 MILLION TO SARS OVER A PERIOD OF 14 MONTHS IN FULL AND FINAL …
BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service

AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service

AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service
Date: 15/12/2017 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any …
AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service

South African Tax Services Researching Ways to Track BTC Transactions

South African Tax Services Researching Ways to Track BTC Transactions
To this end, the South African Revenue Service, the taxation body of the country, is seeking help from top technology companies from around the world in order to try and track Bitcoin transactions. This attempt by the South African Revenue Service (SARS …
South African Tax Services Researching Ways to Track BTC Transactions

South African Revenue Service wants to tax Bitcoin Traders income in South Africa

South African Revenue Service wants to tax Bitcoin Traders income in South Africa
According to a report by MoneyWeb, the South African Revenue Service (SARS) is currently in talks with tech companies in how they can jointly start tracking Cryptocurrencies trading. While in reality tracking blockchain transactions is very difficult …
South African Revenue Service wants to tax Bitcoin Traders income in South Africa

South African tax collector takes aim at cryptocurrencies like Bitcoin

South African tax collector takes aim at cryptocurrencies like Bitcoin
According to a report by MoneyWeb, The South African Revenue Service (SARS) has opened dialogue with a number of the top technology companies in the world in order to try and enable the tax revenue service to track cryptocurrecy trades more efficiently.
South African tax collector takes aim at cryptocurrencies like Bitcoin

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment
A Cape Town man will serve 12 years effective imprisonment for large-scale Value Added Tax (VAT) fraud worth R15 million, said the South African Revenue Service (SARS). Johannes Tobias Wessels from Kraaifontein was sentenced to 12 years imprisonment for …
South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

South Africa's revenue agency concerned about falling tax compliance

South Africa's revenue agency concerned about falling tax compliance
PRETORIA (Reuters) – The South African revenue service (SARS) is concerned about falling tax compliance as some tax payers have stopped paying their taxes over unhappiness with the government, the agency said on Tuesday. Finance Minister Malusi Gigaba …
South Africa's revenue agency concerned about falling tax compliance

Tax revenue collected by Sars doubles in the past 10 years

Tax revenue collected by Sars doubles in the past 10 years
JOHANNESBURG – South African Revenue Services (Sars) and the National Treasury said that the total revenue collected for the fiscal years, from 2007/08 to 2016/17 amounted to R8.13 trillion. Sars also said tax revenue collected all but doubled in 10 years …
Tax revenue collected by Sars doubles in the past 10 years

South Africa needs a fresh approach to its stubbornly high levels of inequality

South Africa needs a fresh approach to its stubbornly high levels of inequality
The author used previously unpublished personal income tax data from the South African Revenue Service for the 2010-11 tax year. Her results are striking. They underscore the importance of the distribution of wealth in any study of inequality. She found …
South Africa needs a fresh approach to its stubbornly high levels of inequality

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire
But ShopRite has forged ahead: revenue from outside South Africa now accounts for almost 20% of its revenue … and provides financial and mobile services. Between STAR and ShopRite, “they can almost fill a shopping centre”, Ingham says.
'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa

Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa
He expands, adding that this process is managed through the South African Revenue Service (SARS). “In the case of healthcare products, these do not attract duties and levies, but the MCC of South Africa and regulatory authorities around the world do not …
Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa

South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA

South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA
The President’s Keepers – launched in October – was not well received by the South Africa Revenue Service (SARS) and the State Security Agency (SSA), which wanted Pauw and the publishers to withdraw the book. Mulaudzi told News24 at the time that they were …
South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA

S.Africa court orders prosecution chief to leave job

S.Africa court orders prosecution chief to leave job
A South African court on Friday overturned President Jacob … a “rogue” tax unit that spied on top government officials while he was in charge of the revenue service. The allegations were later found to be false. A statement from Zuma’s office said …
S.Africa court orders prosecution chief to leave job