Regularly we find that taxpayers have not fully disclosed their tax affairs to SARS. It is for this reason that the Voluntary Disclosure Program exists, which allows a taxpayer to voluntarily disclose the default to SARS. In exchange for this, SARS will generally agree not to impose any understatement penalties or prosecute the taxpayer criminally.
Our experienced team has successfully finalised a number of VDP`s. This process requires careful consideration to ensure that the taxpayer qualifies for the VDP relief.