They may already be in Sars’s sights due to detection of economic activity 🕵️
The Voluntary Disclosure Programme is available to taxpayers who disclose their tax defaults on their own volition.If Sars believes the disclosure is not voluntary, in other words it is already aware of the default, it is loath to grant relief.
The VDP is an important source of revenue with more than R3 billion having been collected in 2021. It also means that more taxpayers are now on the register and contributing to the fiscus. “Sars wants to ensure that it registers legitimate businesses for tax purposes,” she says, adding that it is easier forIn assessing the tax liability of these entities there are certain allowances and legitimate expenses that can reduce the tax bill.
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