The article reports on the announcement made by South Africa's finance minister Pravin Gordhan regarding the plan of the South African Revenue Service (SARS) to launch a voluntary disclosure programme (VDP) in his budget speech. The stated purpose of the VDP was to encourage taxpayers to come ...
The Voluntary Disclosure Programme(VDP) was introduced by the Voluntary Disclosure Programme and Taxation Laws Second Amendment Act 8 of 2010, which was promulgated on 2 November 2010, with the aim of taxpayers coming forward and sharing relevant information not previously disclosed with the South ...
The amnesty included a waiver on all interest and exchange control penalties prior to 28 February 2003, as well as a waiver on all taxes due prior to 1 March 2002.Pranith MehtaSARS. 2016b. External Guide: Special Voluntary Disclosure Programme. South African Revenue Authority. Pretoria....