TAX

The South African Revenue Service (SARS) says it has made provision for its Voluntary Disclosure Programme (VDP) to be permanently available to a qualifying individual, company or trust that seeks to voluntarily disclose and regularise their tax affairs. Taxpayers who have tax defaults with SARS and would like to be granted relief from penalties and avoid the possible criminal prosecution can voluntarily disclose their outstanding tax affairs. Tax defaults range from outstanding returns, submitting inaccurate or incomplete information or the failure to submit information on any tax type that SARS administers, excluding customs duties and levies. Applicants can apply for VDP via SARS eFiling.