Voluntary disclosure in the South African context often involves two processes that go hand-in-hand, namely 1) the voluntary disclosure of tax defaults; and 2) the regularization of Exchange Control (“Excon”) contraventions.
This edition showcases the differences between VDP and SVDP for taxpayers and the criteria for VDP relief for taxes administered by SARS (excluding Customs and Excise Duties), penalties and procedures and qualifying criteria
KPMG has assisted numerous clients with VDP applications relating to all qualifying taxes, and is well placed to deal with the regularization given:
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