Business In The News South Africa

SA revenue services collects R1bln from special voluntary disclosure programme

JOHANNESBURG, October 10 – The South African Revenue Service (Sars) said on Tuesday that it had collected more than R1 billion from about 2000 taxpayers during the Special Voluntary Disclosure Programme (SVDP). The SVDP offered non-compliant taxpayers a once-off opportunity during a limited window period running from 1 October 2016 to 31 August 2017 to regularise their unauthorised foreign assets […]

Business In The News South Africa

Sars’ deadline looms for taxpayers to declare foreign assets and income

JOHANNESBURG, August 29 – The South African Revenue Services (Sars) on Tuesday dispelled rumours that there was an extension to the Special Voluntary Disclosure Programme (SVDP), saying that the closing date is imminent The SVDP is a once-off opportunity to disclose off-shore assets and income by taxpayers with undeclared foreign assets or income with the benefit […]