The experience of our tax-practitioner firm is totally contrary to the import of the article by Linda Ensor and Hilary Joffe (SARS amnesty for hidden assets a flop, August 21), and we handled more than half of the 499 applications mentioned in the article. The point is that the revenue service’s special voluntary programme comprises, in our experience, only about 10% of the total applications. An alternate mechanism, termed "normal VDP", is often a more tax-effective route to the regularisation of foreign taxable income. It follows that in our view the regularisation programme has been a success. Tony Davey and Werner VosVia e-mail
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.