Voluntary Disclosures

You may have made a mistake in your tax return or forgotten to inform SARS about some local or foreign income, profits or gains. Getting to SARS before they get to you usually means the situation is resolved with lower penalties and at less cost to you. Time is therefore of the essence.

Depending on the circumstances, either an informal or a formal voluntary disclosure process may be the more appropriate route to follow. In the case of a formal voluntary disclosure agreement reached with SARS, criminal prosecution is avoided and most penalty types are waived.

BDO’s tax controversy and dispute resolution team will advise you on the best way to make a voluntary disclosure to SARS, given your circumstances and the matters to be corrected. Overall, we aim to bring your tax affairs up to date efficiently so that you can move on, knowing that all is rectified.

We handle the process from start to finish. This may involve contacting SARS, preparing a detailed disclosure including calculating the tax payable, resolving any queries and agreeing on the final liability.