RSS Tax on Forex Trading in South Africa – Understanding Your Obligations

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 RSS Tax on Forex Trading in South Africa – Understanding Your Obligations

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South Africa recognizes Forex trading as a legitimate activity, and the South African Revenue Services (SARS) requires South African residents to pay taxes on Forex trading profits. In short, all South African residents must declare their Forex profits for tax purposes, and there is no getting around it. Like most nations’ revenue-collecting services, SARS will impose penalties for not paying taxes.
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