No Doge-ing the tax bill on crypto-currency transactions
SARS is tightening tax collection on crypto-currency transactions, which makes it important to distinguish between events that will trigger income tax rates or CGT rates.
Transnet to bring back IT systems in staggered manner
The company says significant progress has been made in restoring its IT systems, with most of the affected applications up yesterday.
SARS pins hopes on key tech as modernisation plans advance
The South African Revenue Service leans on artificial intelligence and machine learning to not only boost functions, but also improve its integrity.
Commissioner unveils ‘completely’ virtual tax season at SARS
The South African Revenue Service today unveiled a completely virtual filing tax season, as branches remain closed for at least the next six weeks.
South Africa makes bold moves to regulate crypto assets
The Intergovernmental Fintech Working Group releases a paper which takes the position that the country should begin to regulate the crypto-currency markets.
IITPSA welcomes SARS moves to harness big data, AI for tax collection
The South African Revenue Service plans to use big data analytics and artificial intelligence to improve revenue collection and locate tax evaders.
Taxman SARS pursues crypto dealers at SA exchanges
AltCoinTrader, Luno, and VALR confirm that they have received requests for transactional information in relation to a small number of customers.
‘Smart modern’ SARS in the works as it ups ICT spend
The South African Revenue Service plans to increase its ICT budget by 2% this fiscal year, according to commissioner Edward Kieswetter.
SARS seeks IT talent, chief tech innovation officer
The South African Revenue Service begins a recruitment drive to attract highly-skilled and experienced individuals in areas such as information technology.
Crypto-currency account-holders fume as SARS cracks whip
Some local crypto-currency account-holders express anger after the taxman demands the declaration of their crypto-currency investments.
R3bn earmarked for SARS modernisation
The SA Revenue Service will receive an additional allocation of R3 billion to modernise its technology infrastructure and systems, reveals finance minister Tito Mboweni.