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Posts Tagged ‘Voluntary Disclosure Programme (VDP)’

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SARS has announced the Voluntary Disclosure Programme (VDP)

Pay Solutions strive to bring you the latest in updates and changes from government departments and SARS.

SARS has announced the Voluntary Disclosure Programme (VDP) will begin on the 1st October 2016. Please read carefully to ensure this applies to you.

SARS Online

VOLUNTARY DISCLOSURE PROGRAMME (VDP)

The SARS Voluntary Disclosure Programme (VDP) is administered under the Tax Administration Act, 2011 with effect from 1 October 2012.

Subject to legislative approval, a Special Voluntary Disclosure Programme (SVDP) commenced on 1 October 2016, and is scheduled for a period of nine months ending on 30 June 2017. The SVDP is meant for individuals and companies who have not in the past disclosed tax and exchange control defaults in relation to offshore assets. A preliminary SVDP guide is available below, which will be updated from time to time.
To assist you with your VDP queries, some questions and answers have been put together. For more detailed information, please consult the Guide at the bottom of the page.
Contact details for the team are available at the bottom of this page.
Questions Answers