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Tax Administration Act, 2011 (Act No. 28 of 2011)

Chapter 16 : Understatement Penalty

Part B : Voluntary disclosure programme

230. Voluntary disclosure agreement


The approval by a senior SARS official of a voluntary disclosure application and relief granted under section 229, must be evidenced by a written agreement between SARS and the qualifying person who is liable for the outstanding tax debt in the prescribed format and must include details on—

(a) the material facts of the "default" on which the voluntary disclosure relief is based;
(b) the amount payable by the person, which amount must separately reflect the understatement penalty payable;
(c) the arrangements and dates for payment; and
(d) relevant undertakings by the parties.


[Section 230 substituted by section 78 of the Tax Administration Laws Amendment Act, 2013 (Act No. 39 of 2012)]