SARS utilizes AI to target non-compliant cryptocurrency traders and clarifies tax implications

The South African Revenue Service (SARS) is intensifying its efforts to ensure compliance among cryptocurrency traders by employing artificial intelligence (AI) to detect non-compliant individuals. In a conversation with 702, Jashwin Baijoo, who is the head of strategic investment and compliance at Tax Consulting SA, revealed that SARS has the capability to scrutinize banking records … Continue reading SARS utilizes AI to target non-compliant cryptocurrency traders and clarifies tax implications