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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)

6. Voluntary disclosure relief


Despite the provisions of any tax Act, the Commissioner must, pursuant to the making of a valid voluntary disclosure by the applicant and the conclusion of the voluntary disclosure agreement under section 7

(a) not pursue criminal prosecution for any statutory offence under a tax Act or a related common law offence;
(b) grant 100 per cent relief in respect of any penalty and additional tax (excluding a penalty imposed in terms of regulation 5 of the regulations issued under section 75B of the Income Tax Act or in terms of a tax Act for the late submission of a return or for the late payment of tax); and
(c) grant, in respect of a person described in—
(i) section 3(1), 100 per cent; or
(ii) section 3(2), 50 per cent,

relief in respect of interest otherwise payable, up to the date of assessment described in section 9.