Aligning digital asset classification with onshore status could strengthen SA’s position in the fast-evolving digital finance space. South African crypto-currency players are calling for regulatory changes that will see digital currencies being declared onshore assets in the country. They note South Africa’s regulatory grey zone around digital currencies may be holding back significant investment potential….
Kemp Munnik, structuring and tax strategy specialist. The world of tax consulting is on the cusp of a transformation few could have predicted just a decade ago. I recently had an in-depth conversation on this topic with Johan Steyn, a well-known artificial intelligence (AI) thought leader. AI is not only revolutionising how tax firms operate…
Oxford Street on May 2 2025, in London. Mike Kemp | In Pictures | Getty Images When U.K. Chancellor Rachel Reeves announced her government budget last fall, unveiling a £70 billion ($95 billion) boost to public spending to be funded by higher borrowing and £40 billion in tax rises, which mostly hit British businesses, she…
The South African Revenue Services (Sars) believes that new e-commerce regulations targeting international online retailers like Temu and Shein could generate an additional R3 billion in VAT revenue, as reported by City Press. Read: Sociable: A new South African app reimagining social media The National Treasury’s Budget review document for 2025/26, released in March, indicated…
