South Africa

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 2014/08/13

SARS Voluntary Disclosure Programme 

The Voluntary Disclosure Programme (“VDP”) is a statutory process where taxpayers (corporate entities, individuals, etc.) can approach the South African Revenue Service (“SARS”) with a view to regularise their tax affairs with the prospect of remittance of certain penalties. The VDP application must be prepared and lodged in the prescribed manner, may not result in a refund of tax from SARS, must be voluntary and must involve a “default” which was not previously disclosed to SARS, or which is not under audit by SARS.
Voluntary Disclosure Programme
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This brochure highlights which taxes qualify, SARS penalties, the process, timelines and costs attached to lodging a VDP application.
 

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Contact

Contact
Carolyn Chambers
Director, International Executive Services
Tel: +27 011 647 5764
carolyn.chambers@kpmg.co.za