South Africa's Revenue Service (SARS) has implemented the Crypto Asset Reporting Framework (CARF) and expanded the Automatic Exchange of Information (AEOI) mechanism starting March 1, officially incorporating crypto assets and offshore accounts into the global tax information-sharing system. The new regulations require local crypto service providers to report detailed transaction data according to international standards, enabling automatic matching and precise auditing. Tax authorities can identify unreported assets and income through data matching, effectively rendering the 'offshore barrier' obsolete. Regulators recommend taxpayers holding unreported crypto or offshore assets consider the Voluntary Disclosure Program (VDP) to reduce the risk of future enforcement. (Bitcoincom) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57422