voluntary disclosure programme (VDP) is administered under the Tax
Administration Act, 2011.It aims to encourage taxpayers to
come forward on a voluntary basis to regularise their tax affairs with SARS and
avoid the imposition of understatement penalties and other administrative
The initial VDP1
that commenced in 2010 and closed on 31 October 2011 attracted in excess of 18
000 applications. The latest update is
that all VDP1 applications have now been processed.
VDP 2 is now in
place, which results in more processing capacity since all the VDP1 are
processed. As a result, the turnaround time per case is currently averaging 21
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.