Crypto and our ***** government

[MajorPayne]

Hey Guys and Gals.
Quick question.

With some profits and cryptos I have I need to know what your take is on the following,

1. How and what is the easiest way to get the money into my back account? I only know of Luno that can link your FNB and such and make a deposit from there?
2. Is VALR or Altcointrader the easiest to use in regards with RSA banks and deposits?
3. Is there a set amount that you can pay into your account without alerting the folks at SARS? if so how do you go about it? (I know saving and keeping cryptos is the way but what if you need sometin sometin and wish to get cash from your cryptos?
4. What platforms have you been looking at in order to generate a passive income for yourself ( you can PM me if need be to discuss)

Cheers and thanks everyone

 

[AinsleyHarriott]

Be a good citizen and report all your earnings to SARS. It's the right thing to do.

The R50 your granny gave you for being a good boy? Report it. Money from the toothfairy? Report it.

 

[Off-The-Chart]

Be a good citizen and report all your earnings to SARS. It's the right thing to do.

The R50 your granny gave you for being a good boy? Report it. Money from the toothfairy? Report it.

the tooth fairy only does cold hard cash, no EFT/Crypto bs so no need to report

 

[Reegz]

I have it on pretty good authority that SARS have visited the offices of many local exchanges on more than one occasion.

One can only imagine that the discussions were around how said institutions can/should/are expected to report all accounts to SARS.

Now I'm not saying the exchanges have or are reporting; only that they were politely requested to be good upstanding businesses and pimp out their clients for the sake of fattening up .govs coffers.

The lure of crypto being the ultimate method of breaking out of the system has does seem to be delivering on that promise.

 

[Qui_Illustrati]

I have it on pretty good authority that SARS have visited the offices of many local exchanges on more than one occasion.

One can only imagine that the discussions were around how said institutions can/should/are expected to report all accounts to SARS.

Now I'm not saying the exchanges have or are reporting; only that they were politely requested to be good upstanding businesses and pimp out their clients for the sake of fattening up .govs coffers.

The lure of crypto being the ultimate method of breaking out of the system has does seem to be delivering on that promise.

I reckon they are reporting to SARS. Altcoin needs everything but a stool sample to sign up. Reason for that madness. I reckon the damn taxman has to be the reason.

 

[bythecantloads]

Unused altcointrader easy deposits, easy withdrawals.

Passive income would be in easy equities for me. They issue me with a tax certificate each year. Makes life real easy.

 

[TheJudge]

I have it on pretty good authority that SARS have visited the offices of many local exchanges on more than one occasion.

One can only imagine that the discussions were around how said institutions can/should/are expected to report all accounts to SARS.

Now I'm not saying the exchanges have or are reporting; only that they were politely requested to be good upstanding businesses and pimp out their clients for the sake of fattening up .govs coffers.

The lure of crypto being the ultimate method of breaking out of the system has does seem to be delivering on that promise.

We need more coal, gotta keep the heat on!

Edit to add: I've met Kieswetter, I feel for the oke. It's like trying to find drug money for your crack head parents.

 

[Reegz]

We need more coal, gotta keep the heat on!

Edit to add: I've met Kieswetter, I feel for the oke. It's like trying to find drug money for your crack head parents.

Never met him, likely never will. But I don't care for the institution he represents.

Amazing how they're after every silly R0.01 we make in our white collar desk jobs while the openly corrupt get away with millions in tax fraud.

 

[TheJudge]

Never met him, likely never will. But I don't care for the institution he represents.

Amazing how they're after every silly R0.01 we make in our white collar desk jobs while the openly corrupt get away with millions in tax fraud.

I don't disagree in many ways. SARS was destroyed because it was convenient at the time. A colleague worked for SARS and still suffers PTSD from her time before she left under the Moyane regime. That takes time to repair as SARS used to be revered internationally along with our banking system.

 

[GarlicPeter]

Hey Guys and Gals.
Quick question.

With some profits and cryptos I have I need to know what your take is on the following,

1. How and what is the easiest way to get the money into my back account? I only know of Luno that can link your FNB and such and make a deposit from there?
2. Is VALR or Altcointrader the easiest to use in regards with RSA banks and deposits?
3. Is there a set amount that you can pay into your account without alerting the folks at SARS? if so how do you go about it? (I know saving and keeping cryptos is the way but what if you need sometin sometin and wish to get cash from your cryptos?
4. What platforms have you been looking at in order to generate a passive income for yourself ( you can PM me if need be to discuss)

Cheers and thanks everyone

If I'm really desperate to get the money into my bank account, I use Luno however most of my money I load onto a virtual visa card (crypto.com and binance offer them) then load them up with Google pay so I just go around tapping my phone and can be used for online purchases.