The South African Revenue Service (SARS) has demanded $55.3 million in taxes from the liquidators of the Bitcoin Ponzi scheme Mirror Trading International (MTI). The tax office said it hoped to settle the tax bill before the MTI liquidation process was concluded.
The South African Revenue Service has accused MTI’s liquidators of failing to perform their duties. In filings with the high court chief, the tax collector claimed that, aside from the delayed delivery of income information, the liquidators failed to report the $10.8 million and $398 million in income realized in 2020 and 2021, respectively.
Of the $55.3 million that the South African Revenue Service asked liquidators to pay, about $20.8 million was normal income tax, the report said. For the understated income, the South African Revenue Service said it wanted $34.5 million from the liquidator.
