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Dangerous information for MTI traders: R1-billion SARS tax dispute may take a yr to kind out

Dangerous information for MTI traders: R1-billion SARS tax dispute may take a yr to kind out

Round 6 000 traders who’ve submitted claims in opposition to collapsed bitcoin buying and selling scheme Replicate Buying and selling World (MTI) could have to attend every other yr for the crowd’s liquidators to hash out their variations with the SA Income Provider (SARS). 

The tax company has claimed R931 million in again taxes and consequences in opposition to MTI’s property. As a preferential claimant, SARS is first in line to recoup price range that MTI’s liquidators have recovered. 

MTI’s liquidators have objected to the tax company’s evaluation, announcing they owe no tax. 

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Supply By way of https://www.news24.com/fin24/firms/bad-news-for-mti-investors-r1-billion-sars-tax-dispute-could-take-a-year-to-sort-out-20230302