Good news from taxman for victims of bitcoin Ponzi scheme
Sars initially sought R931m from Stellenbosch-based Mirror Trading International, but has settled for less than R300m
10 May 2023 - 05:00
The liquidators of Stellenbosch-based Mirror Trading International (MTI) and the SA Revenue Service (Sars) have reached a settlement in which the taxman gets about a third of the money it initially demanded.
Sars lodged a claim last year for R931m in unpaid taxes in the 2019 and 2020 tax years against MTI, the collapsed bitcoin Ponzi scheme. This was disputed by the liquidators...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.