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Income Tax Act, 1962 (Act No. 58 of 1962)


2010 Notices

Voluntary Disclosure Programme and Taxation Laws Second Amendment Act, 2010 (Act No. 8 of 2010)

4. Requirements for valid voluntary disclosure


The requirements for a valid voluntary disclosure are that the disclosure must—

(a) be voluntary;
(b) involve a default;
(c) be full and complete in all material respects;
(d) involve the potential application of a penalty or additional tax in respect of the default;
(e) not result in a refund due by the Commissioner;
(f) be made in the prescribed form and manner;
(g) be made within the period prescribed by the Commissioner by notice in the Gazette; and
(h) be in respect of a default which occurred prior to 17 February 2010.