Prison For Tax Evasion

South Africa's tax authority, the South African Revenue Service (SARS), has recently requested that every taxpayer in the country send it an audit of their cryptocurrency purchases and trades. According to a Tax Consulting South Africa report, a South African firm offering tax advice, consulting, and compliance services, the company said that it had been approached by many taxpayers who had received the audit request. SARS had requested basic information regarding each taxpayer's returns in addition to the reason for…