SOUTH AFRICA – The Special Voluntary Disclosure Program (SVDP)

SOUTH AFRICA – The Special Voluntary Disclosure Program (SVDP)

As taxpayers around the world gear up for the new global automatic exchange of information regime, South Africa is providing one last chance for individuals, South African trusts and companies to come clean and disclose foreign assets held in contravention of the relevant exchange control and tax laws. The aptly named Special Voluntary Disclosure Programme (SVDP), runs from 1 October 2016 to 31 March 2017.

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