First we had the Beliebers, then the Tik Tokers with a number of them now converted to #Crypto-Knights.
With over 5 000 Crypto tokens out there and some serious #returns been seen just this year alone there is no surprise that Cryptos are attracting more interest.
Like all things linked to returns - comes the #scams, as with every investment proceed on an informed basis.
Some have managed to build mini kingdoms through their Crypto investments over the years but #SARS is ramping up and looking to sleigh some of these profits and claim the tax due on them. A number of tax test cases are sure to follow but normal tax rules should apply - long term investments will be subject to capital gains tax versus speculative short term trading gains subject to income tax.
P.S.
N ABLE INTERNATIONAL are more than happy to accept Crypto payments for our services.
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