South Africa’s New Voluntary Disclosure Programme to Revolutionize Customs and Excise Compliance

• The Voluntary Disclosure Programme aims to improve customs and excise compliance in South Africa.
• Current laws require traders to notify SARS of inaccuracies but lack sufficient protection against penalties.
• The new programme would extend the benefits of the existing tax VDP to customs and excise matters.
• The Customs Control Act already allows for voluntary disclosure relief, but a formal programme is needed.
• The programme would provide a consistent and protective framework for traders to disclose past errors.

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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