Utilizing advanced technologies such as machine learning and artificial intelligence, the Revenue Service says it aims to simplify tax filing processes while bolstering enforcement against tax evasion including targeting crypto traders and assets for taxation.

Mazars Tax Practitioner, Tusani Mnyandu, “Look, you know there is a saying that says simplicity is the ultimate sophistication. You can have many industries coming up but it all boils down to debits and credits.

“So, if you can understand the debits and credits then artificial intelligence just adding to those fundamentals so there is nothing that really hasn’t changed. What I can say to SARS is to try and ensure that they emphasise tax education.”

--ChannelAfrica--