South African Voluntary Disclosure Program | KPMG | QM

South African Voluntary Disclosure Program

No Man Is An Island.

11 July 2016 - 12 July 2016, 8:00AM - 10:30AM, GMT Jersey, Jersey

In his February 2016 Budget Speech, the South African Minister of Finance announced a “Special Voluntary Disclosure Programme in respect of offshore assets and income” (“SVDP”).

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Agenda

Breakfast presentation

With CRS on the horizon, the age of total transparency has arrived for South African taxpayers and Exchange Control (“Excon”) residents who might have received previously undeclared (offshore) income from unauthorised assets held abroad.

Different to the 2003/04 Amnesty and the 2010/11 Voluntary Disclosure Programme (“VDP”), the SVDP is complex in design with a very limited application window (1 October 2016 – 31 March 2017). Furthermore, the disclosure of the so-called “seed capital” will require SVDP applicants to provide historical banking information going back many years. Accordingly, time is of the essence.

We are delighted to invite you to a seminar led by Johan Van der Walt. Johan leads KPMG South Africa’s SVDP team and will be providing details on how the programme will operate and the potential benefits for South Africans looking to regularise their affairs.

This seminar will be of interest to anyone managing business from current and former South African residents. 

Guide

For more information on this event, please contact tammywilkinson@kpmg.com

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