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


Voluntary Disclosure Programme

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.